Explain why the growth rate g must always be less than the rate of return R for

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Explain why the growth rate g must always be less than the rate of return R for the constant-growth rate model?

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Fundamentals of Corporate Finance

ISBN: 978-1119371403

4th edition

Authors: Robert Parrino, David S. Kidwell, Thomas Bates

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Question Posted: Jan 16, 2019 08:59 AM

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Explain why the growth rate g must always be less than the rate of return R for

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The constantgrowth rate model assumes that the firm will grow at a co...View the full answer

Fundamentals of Corporate Finance

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