Business, 20.03.2020 02:24 montrellgoodman5890

B. Gordon & Co.’s stock has just paid its annual dividend $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 (p1)?

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B. Gordon & Co.’s stock has just paid its annual dividend $1.10 per share. Analysts believe that...