Question
If a company's dividends are expected to remain constant forever: the company's payout ratio should be 100 percent. the company's profits will decline over time.
If a company's dividends are expected to remain constant forever:
the company's payout ratio should be 100 percent.
the company's profits will decline over time.
the company's fundamental value will be lower than the company's stock price.
the company's price-earnings ration will be 100 percent.
the company's stock price will decline over time.
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Money Banking And Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
3rd Edition
007337590X, 9780073375908
