Tortoise company is expecting constant 3 growth over the, Financial Management

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Tortoise company is expecting constant 3 growth over the

Tortoise Company is expecting constant 3% growth over the foreseeable future. The rate expected in the marketplace for investments similar to Tortoise is 4.50%.

Tortoise just paid a dividend of $2.80 per share.

What is the current value of tortoise company?

What will the value be in year 3?

What will the value be in year 6?

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Financial Management: Tortoise company is expecting constant 3 growth over the

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