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Chap 8-15 A7X Corp. just paid a dividend of $1.55 per share. The dividends are expected to grow at 25 percent for the next 7
Chap 8-15
| A7X Corp. just paid a dividend of $1.55 per share. The dividends are expected to grow at 25 percent for the next 7 years and then level off to a growth rate of 8 percent indefinitely. |
| If the required return is 14 percent, what is the price of the stock today? |
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
8th edition
978-1118953815, 978-1118953907
