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The Constant-Growth DDM is valid only when expected dividend growth, g, is less than the required rate of return, R. If dividends were expected to
The Constant-Growth DDM is valid only when expected dividend growth, g, is less than the required rate of return, R. If dividends were expected to grow forever (to infinity) at a rate faster than R, the value of the stock would be __________. A. negative B. zero C. a very large finite number D. infinite
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