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Thirsty Cactus Corp. just paid a dividend of $1.55 per share. The dividends are expected to grow at 35 percent for the next 10 years

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Thirsty Cactus Corp. just paid a dividend of $1.55 per share. The dividends are expected to grow at 35 percent for the next 10 years and then level off to a 7 percent growth rate indefinitely. Required : If the required return is 14 percent, what is the price of the stock today? Multiple Choice $128.50 $172.58 $5.83 $176.03

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