Thirsty Cactus Corp. just paid a dividend of $1.50 per share. The dividends are expected to grow at 40 percent for the next 6 years and then level off to a 8 percent growth rate indefinitely.Required :If the required return is 13 percent, what is the price of the stock today?

rev: 09_18_2012

• $140.28
• $137.53
• $134.78
• $1.78
• $117.18