PE 1+1 P: P. 3. Let's define the gross stock return Ras R = + = BED2 ... Dividends Du grow at the growth rate G, i.e., De+1 = GXDPlease derive the Gordon constant growth model (which we teach in the introductory finance courses): P. R-G D Notes: Please do not worry about the uncertainty in returns and growth rates. This is a very old model and everything is deterministic here. Also, please feel free to state any additional assumptions to derive the formula