Bayou okra farms just paid a dividend of 355 on its stock


Bayou Okra Farms just paid a dividend of $3.55 on its stock. The growth rate in dividends is expected to be a constant 6 percent per year indefinitely. Investors require a return of 14 percent for the first three years, a return of 12 percent for the next three years, and a return of 10 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.) 92.54 is not the correct answer

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Bayou okra farms just paid a dividend of 355 on its stock
Reference No:- TGS01241001

Expected delivery within 24 Hours