Question: Use the Gordon Model to estimate the expected price, E ( Ro ) , of the following stock: Quarterly dividend per share 5 years ago:

Use the Gordon Model to estimate the expected price, E(Ro), of the following stock: Quarterly dividend per share 5 years ago: $3 Quarterly dividend per share just paid: 3.829 Required rate of return of the stock: 12% Select one: a. $223.37 O b. $226.170.. $232.92 d. $229.77

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