Great pumpkin farms, Cost Accounting

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Great Pumpkin Farms just given 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 years, a 14 percent return for the next 3 years, and 11 percent return thereafter.

Requirements: Write your calculation

Determine the current stock price of Great Pumpkins Farms.


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