The Farmer's Market just paid an annual dividend of $5 on its stock.The growth rate in dividends is expected to be a constant 5 percent per year indefinitely.Investors require a 13 percent return on the stock for the first 3 years,a 9 percent return for the next 3 years,a 7 percent return thereafter.What is the current price per share?

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The Answer of The Farmer's Market just paid an annual dividend of $5 on its stock.The growth rate in dividends is expected to be a constant 5 percent per year indefinitely.Investors require a 13 percent return on the stock for the first 3 years,a 9 percent return for the next 3 years,a 7 percent return thereafter.What is the current price per share?

The Farmer's Market Just Paid an Annual Dividend of $5