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Gordon&Co.'s stock has just paid its annual dividend of $1.10 per share.Analysts believe that Gordon will maintain its historic dividend growth rate of 3%.If the

Gordon&Co.'s stock has just paid its annual dividend of $1.10 per share.Analysts believe that Gordon will maintain its historic dividend growth rate of 3%.If the required return is 8%,what is the expected price of the stock next year?

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