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In which case can ordinary shares be valued as the present value of a perpetuity? Select one: a. When the growth rate in dividends is
In which case can ordinary shares be valued as the present value of a perpetuity?
Select one:
a.
When the growth rate in dividends is not constant.
b.
When the investor does not intend to sell the shares.
c.
When the discount rate is expected to remain constant.
d.
When future dividends are not expected to grow.
e.
When the liquidation value is greater than the book value.
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