25. All of the followings are drawbacks of using Dividend Growth Model for determining the cost of Seowth Model for determining the cost of equity capital EXCEPT in A. This approach only works for stocks currently pay dividends. B. This approach is not applicable if dividends are not growing at a reasonably constant rate. te C. This approach is sensitive to the estimated growth rate. no girl vlovi D. This approach does not explicitly consider risk. E. This approach requires that the SML relationship holds. giH sgp vino I nostri2 A

25. All of the followings are drawbacks of using Dividend Growth Model for determining the cost of equity capital EXCEPT A. This approach only works for stocks currently pay dividends. B. This approach is not applicable if dividends are not growing at a reasonably constant rate. C. This approach is sensitive to the estimated growth rate. D. This approach does not explicitly consider risk. E. This approach requires that the SML relationship holds