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101) Common stock valuation can be based on the present value of future dividends or alteratively on the present value of the firm's future quarterly

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101) Common stock valuation can be based on the present value of future dividends or alteratively on the present value of the firm's future quarterly net income. 101) 102) If a firm were to earn exactly its cost of capital, we would export the price of its common stock to remain unchanged. 102)

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