Find out the current stock price, Financial Management

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 require a 16 percent return on the stock for the first 3 years, a 14 percent return for the next 3 years, and 11 percent return thereafter.

Requirements: Show your calculation

Calculate the current stock price of Great Pumpkins Farms.

 

Posted Date: 2/16/2013 1:21:39 AM | Location : United States







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