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The reason we cannot apply the constant growth dividend model in the case where the growth rate, g , is greater than or equal to
The reason we cannot apply the constant growth dividend model in the case where the growth rate, is greater than or equal to the
equired rate, is because it would result in the value of the stock becoming:
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Public Finance
Authors: Harvey Rosen, Ted Gayer
8th Edition
0073511285, 9780073511283
