Common stock value long dash —Constant growth
Use the? constant-growth model? (Gordon model) to find the value of the firm shown in the following? table: ?(Click on the icon located on the? top-right corner of the data table below in order to copy its contents into a? spreadsheet.)
Dividend expected next year Dividend growth rate Required return ?
$1.29 7.4?% 11.1?%
The value of the? firm's stock is ?$ . ?(Round to the nearest? cent.)