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Complete sentences and show work. 3. According to the Gordon growth model, what is an investor's valuation of a stock whose current dividend is $1.00

Complete sentences and show work.

3. According to the Gordon growth model, what is an investor's valuation of a stock whose current dividend is $1.00 per year if dividends are expected to grow at a constant rate of 10 percent over a long period of time and the investor's required return is 11 percent?

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