3 . value: 10.00 points Thirsty Cactus Corp. Just paid a dividend of $1.55 per...
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3 . value: 10.00 points Thirsty Cactus Corp. Just paid a dividend of $1.55 per share. The dividends are expected to grow at 30 percent for the next 6 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? O $67.20 O $65.86 O $68.55 O $52.10 O $112
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