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3. Gordon Growth Company is expected to pay a dividend of $4 next period and dividends are expected to grow at 6% per year. The

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3. Gordon Growth Company is expected to pay a dividend of $4 next period and dividends are expected to grow at 6\% per year. The required return is 16%. What is the price expected to be in year 4 ? 4. Suppose a firm's stock is selling for $10.50. It just paid a $1 dividend and dividends are expected to grow at 5% per year. What is the required return

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