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Thirsty Cactus Corp. just paid a dividend of $1.35 per share. The dividends are expected to grow at 30 percent for the next 10 years
| Thirsty Cactus Corp. just paid a dividend of $1.35 per share. The dividends are expected to grow at 30 percent for the next 10 years and then level off to a 8 percent growth rate indefinitely. |
| Required : |
| If the required return is 15 percent, what is the price of the stock today? |
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Developments In Entrepreneurial Finance And Technology
Authors: David B. Audretsch, Maksim Belitski, Nada Rejeb, Rosa Caiazza
1st Edition
1800884338,1800884346
