great pumpkin farms just paid a dividend of 350


Great Pumpkin Farms just paid a dividend of $3.50 on its stock.  The growth rate in dividends is expected to be a constant 5 percent per year indefinitely.  Investors need a 16 percent return on the stock for the first 3 yr, a 14 percent return for the next 3 yrs, and 11 percent return after that.

Requirements: Show your calculation

Determine the current stock price of Great Pumpkins Farms.

 

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Financial Accounting: great pumpkin farms just paid a dividend of 350
Reference No:- TGS0211804

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