9. The constant-growth model is an overly simplistic means of valuing most corporations' stocks . However, a
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9. The constant-growth model is an overly simplistic means of valuing most corporations'
stocks . However, a number of market analysts believe that it is a useful means of estimating a fair value for the stock market as a whole. Why might the constant-growth DDM be a more reasonable valuation tool for the market in aggregate as opposed to individual stocks?
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Related Book For 
Investments
ISBN: 9788120321014
6th Edition
Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey
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