6.

A7X Corp.just paid a dividend of $1.20 per share. The dividends are expected to grow at 30 percent for the next 7 years and then level off to a growth rate of 7 percent indefinitely If the required return is 14 percent, what is the price of the stock today? Multiple Choice $46.00 O $61.91 $.31 O O $59.48 O $60.70