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A financial analyst is least likely to use a free cash flow model to value a firm's equity if: O a. The firm pays no

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A financial analyst is least likely to use a free cash flow model to value a firm's equity if: O a. The firm pays no dividends. O b. Growth rates in dividends fall gradually over time. O c. The firm pays a stable dividend that is substantially lower than its earnings. O d. Estimating the value of the firm as a potential takeover candidate

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