What is the price of the stock today

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Reference no: EM131338029

Thirsty Cactus Corp. just paid a dividend of $1.55 per share. The dividends are expected to grow at 35 percent for the next 7 years and then level off to a 6 percent growth rate indefinitely.

Required :

If the required return is 13 percent, what is the price of the stock today?

Reference no: EM131338029

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