Great pumpkin farms just paid a dividend of 450 on its


Great Pumpkin Farms just paid a dividend of $4.50 on its stock. The growth rate in dividends is expected to be a constant 7.5 percent per year indefinitely. Investors require an 18 percent return on the stock for the first three years, an 11 percent return for the next three years, and 12 percent return thereafter. What is the current share price of the stock?

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Financial Management: Great pumpkin farms just paid a dividend of 450 on its
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