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The next dividend for the Gordon Growth Company will be $3.5 per share. Investors require a 16 percent return on companies such as Gordon. Gordons

The next dividend for the Gordon Growth Company will be $3.5 per share. Investors require a 16 percent return on companies such as Gordon. Gordons dividend increases by8 percent every year. Based onthe dividend growth model, what is the value of Gordons stock today? What is the value in five years?

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