My Money, Inc., just paid a dividend of ($2.50) per share on its stock. The growth rate

Question:

My Money, Inc., just paid a dividend of $$2.50$ per share on its stock. The growth rate in dividends is expected to be a constant 6.5 percent per year indefinitely. Investors require a 20 percent return on the stock for the first three years, then a 15 percent return for the next three years, and then a 10 percent return thereafter. What is the current share price for My Money?

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