Bayou okra farms just paid a dividend of 365 on its stock, Ask an Expert

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Bayou Okra Farms just paid a dividend of $3.65 on its stock. The growth rate in dividends is expected to be a constant 7 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? Please provide a step by step answer.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92304301

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