Gordon growth model of stock valuation

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Please use the following information and the Gordon growth model of stock valuation to calculate the current market price of a share of Triple M Corporation. Make sure you convert percentage figures into decimals, please round off to four decimals.

Most recent dividend paid $1.34

Expected constant growth rate of dividends 7.8%

Investors required return on investment equity 11.5%

Reference no: EM131492705

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