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29 Nov 2018
Bayou Okra Farms just paid a dividend of $2.65 on its stock. The growth rate in dividends is expected to be constant 4.5 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?
Bayou Okra Farms just paid a dividend of $2.65 on its stock. The growth rate in dividends is expected to be constant 4.5 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?
Nelly StrackeLv2
1 Dec 2018