Business, 12.11.2020 18:50, rainbowboi

Moody Farms just paid a dividend of $4.00 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?

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Moody Farms just paid a dividend of $4.00 on its stock. The growth rate in dividends is expected to...