Description of this paper

Great Pumpkin Farms just paid a dividend of $3.30 on its stock.

Description

solution


Question

Great Pumpkin Farms just paid a dividend of $3.30 on its stock. The growth rate in dividends is expected to be a constant 6 percent per year indefinitely. Investors require a return of 15 percent for the first three years, a return of 13 percent for the next three years, and a return of 11 percent thereafter. What is the current share price?

 

Paper#21697 | Written in 18-Jul-2015

Price : $27
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