What is the current value of one share of tortoise company


Tortoise Company is expecting constant 3% growth over the foreseeable future. The rate expected in the marketplace for investments similar to Tortoise is 4.5%. Tortoise just paid a dividend of $2.80 per share.

What is the current value of one share of Tortoise Company? _______________

What will be the value of a share in year 3? ______________

What will be the value of a share in year 6? ______________

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Financial Management: What is the current value of one share of tortoise company
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