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Talcville Farms just paid a dividend of $3.36 on its stock. The growth rate in dividends is expected to be a constant 5.
Posted: Sun Jun 05, 2022 10:17 am
by answerhappygod
- Talcville Farms Just Paid A Dividend Of 3 36 On Its Stock The Growth Rate In Dividends Is Expected To Be A Constant 5 1 (65.94 KiB) Viewed 46 times
Talcville Farms just paid a dividend of $3.36 on its stock. The growth rate in dividends is expected to be a constant 5.8% per year indefinitely. Investors require a 15.8% return on the stock for the first three years, a 13.8% return for the next three years, and an 11.8% 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 $