Talcville Farms just paid a dividend of $3.38 on its stock. The growth rate in...
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Talcville Farms just paid a dividend of $3.38 on its stock. The growth rate in dividends is expected to be a constant 5.9% per year indefinitely. Investors require a 15.9% return on the stock for the first three years, a 13.9% return for the next three years, and an 11.9% return thereafter. What is the current share price? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) Current share price $
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