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In the dividend discount model, the stock price increases at the rate of dividend growth (g), and g ROEb. Why or why not is it

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In the dividend discount model, the stock price increases at the rate of dividend growth (g), and g ROE"b. Why or why not is it always in the best interest of stockholders if a company decides to reinvest a larger portion of its net income (increasing b)? Assume constant and positive ROE

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