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inance, ie ODU FIN 323 Incl Spring 2018 8 Homework Question 6 (of 10) value: 10.00 points Bayou Okra Farms just paid a dividend of

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inance, ie ODU FIN 323 Incl Spring 2018 8 Homework Question 6 (of 10) value: 10.00 points Bayou Okra Farms just paid a dividend of $3.95 on its stock. The growth rate in dividends is expected to be a constant 5 percent per year indefinitely. Investors require a return of 14 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? (Do hot round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) Current share price Hints References eBook &Resources Hint#1 18

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