Question: Using the Gordon Growth Model If the required return is 8%, the growth rate of dividends is constant at 2% and the most recent dividend

Using the Gordon Growth Model If the required return is 8%,

Using the Gordon Growth Model If the required return is 8%, the growth rate of dividends is constant at 2% and the most recent dividend is $0.48 per share. What is the current value of the stock? Please ensure that you are precise in your calculations. Final answers should be rounded to two decimal places and presented in Canadian currency style, (i.e, if your calculated answer is 345.5667 your response should be $345.57 )

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