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Gordon Growth Company is expected to pay a dividend of $4 next period and dividends are expected to grow at 6% per year. The require

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Gordon Growth Company is expected to pay a dividend of $4 next period and dividends are expected to grow at 6% per year. The require return is 16% What is the current price? What is the price expected to be in year 4 ? Note: The price grows at the same rate as dividends

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