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The dividend growth model can be used to value the stock of firms that pay which type of dividends? I. Constant annual dividend II. Annual

image text in transcribed The dividend growth model can be used to value the stock of firms that pay which type of dividends? I. Constant annual dividend II. Annual dividend with a constant increasing rate of growth III. Annual dividend with a constant decreasing rate of growth IV. Zero dividend I, II, III, and IV I only II only I, II, and III only II and III only

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