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When deriving the equity value of a firm, an analyst forecasts the real dividends expected to be paid in the future. In this case, which

When deriving the equity value of a firm, an analyst forecasts the real dividends expected to be paid in the future. In this case, which discount rate should be used?

  • A. The nominal rate of return

  • B. The real rate of return

  • C. The risk free rate of return

  • D. The risk adjusted rate of return

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