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hapter 08 Saved Thirsty Cactus Corp. just paid a dividend of $1.30 per share. The dividends are expected to grow at 30 percent for the
hapter 08 Saved Thirsty Cactus Corp. just paid a dividend of $1.30 per share. The dividends are expected to grow at 30 percent for the next 9 years and then level off to a 6 percent growth rate indefinitely. Required: If the required return is 12 percent, what is the price of the stock today? Multiple Choice $8783
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