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Gordon Growth Company just paid a dividend of $5, and dividends are expected to grow at 5% per year. Given that the required return is
Gordon Growth Company just paid a dividend of $5, and dividends are expected to grow at 5% per year. Given that the required return is 15%, what is the price expected to be in year 5?
| A. | 67.01 | |
| B. | 50.50 | |
| C. | 57.00 | |
| D. | 66.01 | |
| E. | 76.01 |
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N. Hyman
6th Edition
0030213088, 9780030213083
