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The dividend discount (growth) model that is used in pricing stocks: a. works best when there is a non-constant growth rate in dividends b. is
The dividend discount (growth) model that is used in pricing stocks:
a. works best when there is a non-constant growth rate in dividends
b. is essentially the same formula that is used to calculate the present value of an ordinary annuity
c. assumes that dividends are paid at the beginning of each period
d. works when the required return is less than the growth rate
e. assumes that the required return is constant
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