Bayou okra farms just paid a dividend of 370 on its stock, Financial Management

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Bayou okra farms just paid a dividend of 370 on its stock

Bayou Okra Farms just paid a dividend of $3.70 on its stock. The growth rate in dividends is expected to be a constant 7 percent per year indefinitely. Investors require a return of 16 percent for the first three years, a return of 14 percent for the next three years, and a return of 12 percent thereafter. What is the current share price?

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Financial Management: Bayou okra farms just paid a dividend of 370 on its stock

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Financial Management: Bayou okra farms just paid a dividend of 370 on its stock

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