A7x corp just paid a dividend of 120 per share the, Financial Management

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A7x corp just paid a dividend of 120 per share the

A7X Corp. just paid a dividend of $1.20 per share. The dividends are expected to grow at 15 percent for the next eight years and then level off to a growth rate of 5 percent indefinitely. If the required return is 10 percent, what is the price of the stock today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Stock price $

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Financial Management: A7x corp just paid a dividend of 120 per share the

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Financial Management: A7x corp just paid a dividend of 120 per share the

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