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Common stock value long dash —Constant growth

Use the? constant-growth model? (Gordon model) to find the value of the firm shown in the following? table: ?(Click on the icon located on the? top-right corner of the data table below in order to copy its contents into a? spreadsheet.)

Dividend expected next year     Dividend growth rate     Required return ?

$1.29                                         7.4?%                                   11.1?%

The value of the? firm's stock is ?$ . ?(Round to the nearest? cent.)

Financial Management, Finance

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