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13. Stock Valuation (LO1) Talcville Farms just paid a dividend of $3.20 on its stock. The growth rate in dividends is expected to be a

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13. Stock Valuation (LO1) Talcville Farms just paid a dividend of $3.20 on its stock. The growth rate in dividends is expected to be a constant 5% per year indefinitely. Investors require a 15% return on the stock for the first three years, a 13% return for the next three years, and an 11% return thereafter. What is the current share price

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