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The effective annual interest rate (EAR) is the true cost of borrowing and lending. (CSLO 3) True False Growing perpetuity is widely used in the

The effective annual interest rate (EAR) is the true cost of borrowing and lending. (CSLO 3)

True

False

Growing perpetuity is widely used in the valuation of common stock of firms that have a policy and history of paying dividends that grow at a constant rate. (CSLO 3)

True

False

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