What is the price of the stock today

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Reference no: EM13291624

Thirsty Cactus Corp. just paid a dividend of $1.45 per share. The dividends are expected to grow at 30 percent for the next 10 years and then level off to a 6 percent growth rate indefinitely.

Required :

If the required return is 14 percent, what is the price of the stock today?

Reference no: EM13291624

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