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Use the constant-growth model (Gordon growth model) to find the value of the firm shown in the following table: Dividend expected next year $1.32 Dividend

Use the constant-growth model (Gordon growth model) to find the value of the firm shown in the following table:

Dividend expected next year $1.32

Dividend growth rate 7.1%

Required return 11.9%

What is the value of the firm's stocks?

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