A7X Corp. just paid a dividend of $1.50 per share. The dividends are expected to grow at
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Question:
A7X Corp. just paid a dividend of $1.50 per share. The dividends are expected to grow at 35 percent for the next 10 years and then level off to a growth rate of 5 percent indefinitely. If the required return is 13 percent, what is the price of the stock today?
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