Bayou okra farms just paid a dividend of 305 on its stock


Bayou Okra Farms just paid a dividend of $3.05 on its stock. The growth rate in dividends is expected to be a constant 5 percent per year indefinitely. Investors require a return of 12 percent for the first three years, a return of 10 percent for the next three years, and a return of 8 percent thereafter. What is the current share price?

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Financial Management: Bayou okra farms just paid a dividend of 305 on its stock
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