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3. A firm will pay a dividend of $5 per share next year. Every year after that the dividend is expected to grow at a

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3. A firm will pay a dividend of $5 per share next year. Every year after that the dividend is expected to grow at a rate of 2% a year. The beta of the firm's stock is 1.8. R =12% r = 5%. What should the price of the firm's stock be according to the Gordon model

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