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A7X Corporation just paid a dividend of $1.45 per share. The dividends are expected to grow at 30 percent for the next 9 years and

image text in transcribed A7X Corporation just paid a dividend of $1.45 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 7 percent indefinitely. If the required return is 14 percent, what is the price of the stock today? Multiple Choice $2.97 $100.89 $96.94 $98.91 $72.28 A7X Corporation just paid a dividend of $1.45 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 7 percent indefinitely. If the required return is 14 percent, what is the price of the stock today? Multiple Choice $2.97 $100.89 $96.94 $98.91 $72.28

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