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Thirsty Cactus Corp. just paid a dividend of $1.25 per share. The dividends are expected to grow at 25 percent for the next 7 years
Thirsty Cactus Corp. just paid a dividend of $1.25 per share. The dividends are expected to grow at 25 percent for the next 7 years and then level off to a 5 percent growth rate indefinitely. |
If the required return is 12 percent, what is the price of the stock today? |
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