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Thirsty Cactus Corp. just paid a dividend of $1.55 per share. The dividends are expected to grow at 25 percent for the next 9 years

Thirsty Cactus Corp. just paid a dividend of $1.55 per share. The dividends are expected to grow at 25 percent for the next 9 years and then level off to a 9 percent growth rate indefinitely. Required : If the required return is 13 percent, what is the price of the stock today?

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