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Value the following Stock using the Gordon Growth model: Risk-free rate 3 .0% Equity risk premium 6 .0% Beta 1 .20 Current dividend $2 .00

Value the following Stock using the Gordon Growth model:

Risk-free rate

3

.0%

Equity risk premium

6

.0%

Beta

1

.20

Current dividend

$2

.00

Dividend growth rate

5

.0%

Current stock price

$24

.00

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