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Use the Gordon Model to estimate the expected price, E(P0), of the following stock: Quarterly dividend per share 5 years ago: $3 Quarterly dividend per

Use the Gordon Model to estimate the expected price, E(P0), of the following stock:

Quarterly dividend per share 5 years ago: $3

Quarterly dividend per share just paid: 3.829

Required rate of return of the stock: 20%

Select one: a. $107.21 b. $98.03 c. $101.72 d. $104.87 e. $110.77

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