An analyst follows X Company. An analyst also note

Question: An analyst follows X Company. An analyst also note…

 

An analyst follows X Company. An analyst also notes:

 

• X’s most recent dividend was D 0=€0.26.

 

• A forecasted dividend growth rate of 6.0 percent per year.

 

• a required return on equity of 9.25 percent. ​

 

Calculate the Gordon growth model value for stock.​