Moody Farms just paid a dividend of $3.45 on its stock. The growth rate in dividends is expected to be a constant 5 perc

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Moody Farms Just Paid A Dividend Of 3 45 On Its Stock The Growth Rate In Dividends Is Expected To Be A Constant 5 Perc 1 (37.94 KiB) Viewed 62 times

Moody Farms just paid a dividend of $3.45 on its stock. The growth rate in dividends is expected to be a constant 5 percent per year indefinitely. Investors require a return of 13 percent for the first three years, a return of 11 percent for the next three years, and a return of 9 percent thereafter. What is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current share price