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( Chapter 1 3 ) Lucy is an active mutual fund manager. She uses a Delayed Gordon Growth Model to estimate a price target for

(

Chapter

13)

Lucy is an active mutual fund manager. She uses a Delayed Gordon Growth Model to estimate a price target for three stocks that she currently owns. Here are the price targets and market prices for each stock:

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table

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Stock

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Price Target,Market Price

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111,

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