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In the Gordon model, if the dividend growth rate is less than the required rate of the return, the theoretical price for the stock is
In the Gordon model, if the dividend growth rate is less than the required rate of the return, the theoretical price for the stock is infinity.
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Multinational Business Finance
Authors: David Eiteman, Arthur Stonehill, Michael Moffett
15th Global Edition
129227008X, 9781292270081
