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FInance Please use the following information and the Gordon Growth Model of stock valuation to calculate the current market price of a share of Triple

FInance

Please use the following information and the Gordon Growth Model of stock valuation to calculate the current market price of a share of Triple M Corporation: Make sure you convert percentage figures into decimals, please round-off to four decimals.

Most recent dividend paid: $1.34

Expected constant growth rate of dividends: 7.8%

Investors required return on investment equity: 11.5%

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