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Common stock valuelong dashConstant growthUse the constant-growth model (Gordon growth model) to find the value of the firm shown in the following table: Dividend expected

Common stock valuelong dashConstant growthUse the constant-growth model (Gordon growth model) to find the value of the firm shown in the following table:

Dividend expected next year	Dividend growth rate	Required return
$1.231.23	6.76.7%	11.411.4%

The value of the firm's stock is $

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