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A7X Corp. just paid a dividend of $1.25 per share. The dividends are expected to grow at 30 percent for the next 9 years and
| A7X Corp. just paid a dividend of $1.25 per share. The dividends are expected to grow at 30 percent for the next 9 years and then level off to a growth rate of 8 percent indefinitely. |
| If the required return is 13 percent, what is the price of the stock today?
|
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakin
7th Global Edition
0273754440, 9780273754442
