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
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A $72.69
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B $71.23
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C $74.14
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D $53.61
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E $.07
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