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Talcville Farms just paid a dividend of $3.32 on its stock. The growth rate in dividends is expected to be a constant 5.6% per year
Talcville Farms just paid a dividend of $3.32 on its stock. The growth rate in dividends is expected to be a constant 5.6% per year indefinitely. Investors require a 15.6% return on the stock for the first three years, a 13.6% return for the next three years, and an 11.6% return thereafter. What is the current share price?
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