February 27, 2017

Homework Help: Finance

Posted by Samy on Friday, July 30, 2010 at 5:31pm.

Thirsty Cactus Corp. just paid a dividend of $1.25 per share. The dividends are expected to grow at 28 percent for the next eight years and then level off to a 6 percent growth rate indefinitely. If the required return is 13 percent, what is the price of the stock today? (Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g., 32.16))

Answer This Question

First Name:
School Subject:

Related Questions

More Related Questions