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Constant Growth - Example 2 Gordon Growth Company is expected to pay a dividend of $4 next year and dividends are expected to grow at

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Constant Growth - Example 2 Gordon Growth Company is expected to pay a dividend of $4 next year and dividends are expected to grow at 6% per year indefinitely. The required return is 16%. What is the price of the stock today? What will the price be four years later? What is the price appreciation rate

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