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Under the dividend discount model, the price of a share of stock is equal to the present value of the expected end-of-year dividend plus the
Under the dividend discount model, the price of a share of stock is equal to the present value of the expected end-of-year dividend plus the expected ex-dividend price A) discounted at the risk-free rate of interest. B) discounted at the required rate of return. C) discounted at the yield on one-year pure discount bonds. D) all of the above.
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