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Answer to Question #36120 in Finance for OSUpokes

Question #36120
Thirsty Cactus Corp. just paid a dividend of $2.20 per share. The dividends are expected to grow at 22 percent for the next eight years and then level off to a growth rate of 7 percent indefinitely. If the required return is 14 percent, what is the price of the stock today?
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Expert's answer
2013-10-16T10:58:24-0400
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