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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 required
Gordon Growth Company is expected to pay a dividend of $4 next period, and dividends are expected to grow at 6% per year. The required return is 16%. Q1) What is the current stock price (P0)? Q2) What is the price expected to be in year 4 (P4)? Q3) What is the implied return (r) given the change in price during the four-year period
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