Talcville Farms just paid a dividend of $3.60 on its stock. The growth rate in dividends is expected to be a constant 7.

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Talcville Farms just paid a dividend of $3.60 on its stock. The growth rate in dividends is expected to be a constant 7.

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Talcville Farms Just Paid A Dividend Of 3 60 On Its Stock The Growth Rate In Dividends Is Expected To Be A Constant 7 1
Talcville Farms Just Paid A Dividend Of 3 60 On Its Stock The Growth Rate In Dividends Is Expected To Be A Constant 7 1 (63.11 KiB) Viewed 40 times
Talcville Farms just paid a dividend of $3.60 on its stock. The growth rate in dividends is expected to be a constant 7.0% per year indefinitely. Investors require a 17.0% return on the stock for the first three years, a 15.0% return for the next three years, and an 13.0% return thereafter. What is the current share price? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) Current share price
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