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  3. a7x corp. just paid a dividend of $1.30 per share.

A7X Corp. just paid a dividend of $1.30 per share. The dividends are expected to...

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Finance

A7X Corp. just paid a dividend of $1.30 per share. The dividends are expected to grow at 25 percent for the next 9 years and then level off to a growth rate of 8 percent indefinitely. If the required return is 14 percent, what is the price of the stock today?

Multiple Choice

  • A $72.69

  • B $71.23

  • C $74.14

  • D $53.61

  • E $.07

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