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A . ) Create a user - defined function in EXCEL to calculate the value of a common stock using the earnings model that was

A.)Create a user-defined function in EXCEL to calculate the value of a common stock using the earnings model that was introduced in Chapter 9 on page 284. B.)What arguments will you need to accept in order to implement equation (9-13) exactly as it is displayed? (Picture of equation 9-13 is attached) C.)Now change your function so that it requires the retention ratio, instead of the expected retained earnings.
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