Calculate current stock price

Description

New solution updates


Question

Great Pumpkin Farms just paid a dividend of $3.50 on its stock. The growth rate in dividends is expected to be a constant 5 percent per year indefinitely. Investors require a 15 percent return on the stock for the first three years, a 13 percent return for the next three years , and 11 percent return thereafter. What is the current price? How do you calculate using financial calculator, ti ba ii plus Jan 16 2014 01:38 PM

 

Solution ID:609199 | This paper was updated on 26-Nov-2015

Price : $24
SiteLock