Explain the constant growth ddm model

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A stock will pay a dividend of $1.73 at the end of this year. Their stable dividend growth rate is 2.7%. Using the constant growth DDM model, what do you expect the value of the stock to be at the end of year 10 if the investor's required return is 7.6%? State your answer as a dollar amount with two decimal places.

Reference no: EM133068661

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