Suppose that a stock is priced at $90. Given that a potential buyer has a...
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Suppose that a stock is priced at $90. Given that a potential buyer has a required rate of return on equity investments of 8%, the expected dividend for next year when the constant rate of growth of dividends is 5% is $(Round your response to the nearest two decimal places.) If the dividend of a stock decreases, then according to the Gordon Growth Model, holding everything else constant, the price of the stock will
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