Question: Current dividend $5.00 Required Return on Equity 4% Growth Rate in Dividends 1% According to the Gordon Growth Model, what is the price of this

Current dividend $5.00 Required Return on Equity 4% Growth Rate in Dividends 1% According to the Gordon Growth Model, what is the price of this stock in year 3 ?

Group of answer choices

$176.16

$177.49

$167.77

$173.43

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