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51. Suppose that Barnes & Noble decides to make more investment in its internet business and investors expect this decision to increase the required rate
51. Suppose that Barnes & Noble decides to make more investment in its internet business and investors expect this decision to increase the required rate of return on its stock. Assuming that the constant (dividend) growth stock valuation model works for Barnes & Noble, what impact does this decision have on its stock value based only on the given information? No impact Negative impact Positive impact Not clear because its investment amount is unknown
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