A7X Corp. just paid a dividend of $1.20 per share. The dividends are expected to grow at 35 percent for the next 7 years and then level off to a growth rate of 6 percent indefinitely.

If the required return is 12 percent, what is the price of the stock today?

A7X Corp.just paid a dividend of $1.20 per share. The dividends are expected to grow at 35 percent for the next 7 years and then level off to a growth rate of 6 percent indefinitely If the required return is 12 percent, what is the price of the stock today? Multiple Choice $95.42 $1.99 $97.36 O $78.37 $99.31