True. The value of a share of stock is the PV of its expected future dividends. If
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True. The value of a share of stock is the PV of its expected future dividends. If the two investors expect the same future dividend stream, and they agree on the stock's riskiness, then they should reach similar conclusions as to the stock's value.
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Financial Management Theory And Practice
ISBN: 9780324259681
11th Edition
Authors: Eugene F Brigham, Michael C Ehrhardt
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