Question: Problem 6: Next years dividend for the ITT common stock is expected to be $4.00 per share. If dividends per share are expected to grow

Problem 6: Next years dividend for the ITT common stock is expected to be $4.00 per share. If dividends per share are expected to grow at a rate of 3% per year and a fair rate of return is 8%, use the Gordon Model to estimate a fair price for its common stock. $70 b.$ 80 c.$90 d. $100 e. $110 f. other

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