Common stock value—constant growth

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Common stock value—Constant growth. Use the? constant-growth model? (Gordon model) to find the value of the firm shown in the following? table: 

Dividend expected next year: $1.21

Dividend growth rate: 7.9%

Required return: 12.4%

a) The value of the? firm's stock is $___________

Reference no: EM131571496

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