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What is the price of the stock today

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Thirsty Cactus Corp. just paid a dividend of $1.60 per share. The dividends are expected to grow at 30 percent for the next 9 years and then level off to a 8 percent growth rate indefinitely.

Required:

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

Reference no: EM13971821

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