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Based on the dividend discount model, an increase in which of the following will lower the current value of a stock? I. amount of the
Based on the dividend discount model, an increase in which of the following will lower the current value of a stock?
I. amount of the next dividend
II. dividend growth rate
III. discount rate
A.III only
B.II and III only
C.I and III only
D.I only
E.I, II and III
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