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Investors will invest in a stock only if it gives a higher return than they could get elsewhere. Therefore, if stock is fairly priced, its
- Investors will invest in a stock only if it gives a higher return than they could get elsewhere. Therefore, if stock is fairly priced, its expected to pay a level dividend in perpetuity has a value of P0 = DIV1/r.
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
12th Edition
0357442156, 978-0357442159
