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How do the constant-growth valuation model and capital asset pricing model methods for finding the cost of common stock differ? Why is having a hurdle

How do the constant-growth valuation model and capital asset pricing model methods for finding the cost of common stock differ?

Why is having a hurdle rate above the cost of capital bad for shareholders? Is there a flaw in the argument that if interest rates may rise in the near term, the hurdle rate for an investment should be above the WACC?

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