P8-24 Two-Stage Dividend Growth Model [LO1] A7X Corporation just paid a dividend of $1.35 per share. The dividends are expected to grow at 25 percent for the next 10 years and then level off to a growth rate of 6 percent indefinitely. If the required return is 12 percent, what is the price of the stock today? Multiple Choice $2.61 $99.41 $97.46 $95.51 $71.52