Farmers market inc just paid an annual dividend of 5 on its


Farmer’s Market Inc. just paid an annual dividend of $5 on its stock. The growth rate in dividends is expected to be a constant 5% per year indefinitely. Investors require a 10% return on the stock for the first 3 years, a 7% return for the next 5 years, and a 8% return thereafter. What is the current price per share?

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Financial Management: Farmers market inc just paid an annual dividend of 5 on its
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