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While at your desk at the investment firm you have been asked to determine the...

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Finance

While at your desk at the investment firm you have been asked to determine the estimated equity price of the following stock using the Gordon Dividend Model. The dividend is considered to be constant at $3.25, the required return is 8.55% and the present equity price is $40.10. Showing your calculations and result would you recommend buying this equity? Why?

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