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6. The next dividend for the Gordon Growth Company will be $4 per share. Investors require a 16% return on companies such as Gordon.

6. The next dividend for the Gordon Growth Company will be $4 per share. Investors require a 16% return on companies such as Gordon. Gordon's dividend increases by 6% every year. Based on the dividend growth model, what is the value of Gordon's stock today? What is the value in four years?

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