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Sams Farms just paid a dividend of 4.50$ on its stock. The growth rate in dividends is expected to be a constant 3 percent per
Sams Farms just paid a dividend of 4.50$ on its stock. The growth rate in dividends is expected to be a constant 3 percent per year, indefinitely. Investors require a 13 percent return on the stock for the first three years, an 11 percent return for the next three years, and then a 9 percent return, thereafter. What is the current share price for the stock?
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