The farmers market just p

The farmers market just p

The farmers market just paid an annual dividend of $5 on its stock. The growth rate in dividends is expected to be a constant 5% per year indefinitely. Suppose investors require a 13% return on the stock for the first 3years, a 9% return for the next 3 years, a 7 percent return thereafter. A) what is the stock price in 6 years b) what is the price in 3 years? C) what is the current price per share

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