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I didnt understand how to solve this problem CHAPTER 8 Stock Valuation Great Pumpkin Parms just paid a dividend of $3.50 on its years, a

image text in transcribedI didnt understand how to solve this problem
CHAPTER 8 Stock Valuation Great Pumpkin Parms just paid a dividend of $3.50 on its years, a 12 percent return for the next three years, and a 10 percent return thereafter 10 Stock Valuation [LO1] IN stock The growth rate in dividends is expected to be a.constant 5percent pet year (a indefinitely. Investors require a 14 percent return on the stock for the first three What is thecurrent share price? ite

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