Problem:
Havanna Tobacco Farms just paid a dividend of 400 pesos on its stock. The growth rate in dividends is expected to be a constant 5 percent per year, indefinitely. Investors require a 16 percent return on the stock for the first three years, a 14 percent return for the next three years, and then a 10 percent return thereafter.
Required:
Question: What is the current share price for Havanna Tobacco?
Note: Please provide full description.