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

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Accounting

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: 10%

Select one:

a. $360.09

b. $385.72

c. $400.03

d. $321.64

e. $345.77

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