Question: Given the data below provided by a financial analyst for Nike Inc., calculate the value of Nikes stock in 2015 and 2021, respectively, using the

Given the data below provided by a financial analyst for Nike Inc., calculate the value of Nike’s stock in 2015 and 2021, respectively, using the Gordon (constant) Growth Dividend Discount Model: D^1/(r-g). Show your calculations and round your answers to two decimal places. Do you think Nike’s strategic development during 2015-2021 was successful in terms of the change of its stock prices from 2015 to 2021? Explain.

	2015	2021
This year’s dividend per share, D₀	$0.54	$1.07
Constant growth rate expected for dividends (in perpetuity), g	7.34%	10.00%
Constant cost of equity for Nike Inc., r	8.48%	10.86%

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