Common stock value Constant growth Use the constantgrowth .pdf

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Common stock value Constant growth Use the constant-growth model (Gordon growth model) to find the value of the firm shown in the following table: Dividend expected next year $1.22 Dividend growth rate 8.8% Required return 11.6% The value of the firm's stock is $_____. (Round to the nearest cent.).

Common stock value Constant growth
Use the constant-growth model (Gordon growth model) to find the value of the firm shown in the
following table:
Dividend expected next year
$1.22
Dividend growth rate
8.8%
Required return
11.6%
The value of the firm's stock is $_____. (Round to the nearest cent.)

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