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Great Pumpkin Farms (GPF) just paid a dividend of $4 on its stock. The growth rate in dividends is expected to be a constant 2 percent per year...

Great Pumpkin Farms (GPF) just paid a dividend of $4 on its stock. The growth rate in dividends is expected to be a constant 2 percent per year indefinitely. Investors require a 12 percent return on the stock for the first 3 years, a 9 percent return for the next 3 years, and an 5 percent return thereafter. The current share price for GPF stock is

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