What is price of the stock today

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Reference no: EM131492967

A7X Corp. just paid a dividend of $2.30 per share. The dividends are expected to grow at 23 percent for the next eight years and then level off to a growth rate of 7 percent indefinitely. If the required return is 15 percent, what is the price of the stock today?

Reference no: EM131492967

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