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Bayou Okra Farms just paid a dividend of $3.60 on its stock. The growth rate in dividends is expected to be a constant 7 percent
Bayou Okra Farms just paid a dividend of $3.60 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 12 percent for the next three years, and a return of 10 percent thereafter. What is the current share price? Can you show me how to solve this with every step and put the answers to compare. Thank you
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