FINANCE Ch. 8 Stock Valuation Extra Credit Practice Question 5 (c 5 value 5.00 points Thirsty Cactus Corp. just paid a dividend of $1.50 per share. The dividends are expected to grow at 30 percent for the next 7 years and then level off to a 8 percent growth rate indefinitely Required If the required return Iis 13 percent, what is the price of the stock today? O $8642 O $10765 O $44 O $105.54 O $103.43 References eBook &Resources