With The Flow Inc. just paid its annual dividend of $2 a share Divo). The company announced

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With The Flow" Inc. just paid its annual dividend of $2 a share Divo). The company announced that all future dividends would increase by 3 percent annually. Using Gordon's DDM, what is the price you should pay to purchase a share of this stock today (Po) and a year from now (PI)? You require a 12 percent rate of return.