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As the growth rate of dividends for a stock increases I. Asset prices increase because the cash flows increase II. Asset prices decrease because the
As the growth rate of dividends for a stock increases
I. Asset prices increase because the cash flows increase
II. Asset prices decrease because the present value of cash flows decreases
III. Asset prices do not change
a. I only
b. II only
c. III only
d. I and II
e. II and III
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