Flower corp has an unusual dividend policy it plans to pay


Flower Corp has an unusual dividend policy. It plans to pay a dividend of $5 per year for the first 5 years. The company will then grow the dividends at a rate of 6.5% per year, forever. If investors require a 12% return, what is the current price of Flower Corp stock?

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Financial Management: Flower corp has an unusual dividend policy it plans to pay
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