Thirsty Cactus Corp. just paid a dividend of $1.25 per share. The dividends are expected to grow at 40 percent for the next 9 years
Thirsty Cactus Corp. just paid a dividend of $1.25 per share. The dividends are expected to grow at 40 percent for the next 9 years and then level off to a 5 percent growth rate indefinitely. Required : If the required return is 15 percent, what is the price of the stock today?
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Authors: Manolis G. Kavussanos, Ilias D. Visvikis
1st Edition
113746545X, 978-1137465450
