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Business, 29.10.2020 16:30 JammedBanjo58

Use the Gordon growth model formula to compute the price of a stock that will pay a $5 dividend per share next year and the dividend is expected to stay at $5 forever. Assume 5% cost of equity. The price of the stock today is $

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Use the Gordon growth model formula to compute the price of a stock that will pay a $5 dividend per...

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