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The dividend discount model asserts that the value of a share of stock today is determined by Blank _ _ _ _ _ _ .
The dividend discount model asserts that the value of a share of stock today is determined by Blank
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the present value of the future sale price of the stock
the present value of next year's dividend to be paid by the stock
the present value of all forecasted future dividends paid by the stock
the present value of the firm's forecasted PE ratio
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