Problem regarding the current share price

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Reference no: EM13982425

Great Pumpkin farms just paid a dividend of $3.50 on its stock. The growth rate in dividends is expected to be a constant 5% per year indefinitely. Investors require a 16% return on the stock for the first 3 years, a 14% return on the stock for the next 3 years and an 11% return thereafter. What should be the current share price?

Reference no: EM13982425

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