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Which of the following is correct? A stock has no value if it does not pay dividends. O The value of a share depends on
Which of the following is correct? A stock has no value if it does not pay dividends. O The value of a share depends on the coupon payments shareholders receive. For the constant dividend growth model, the growth rate in dividends always equals the growth rate in the stock price. O Stocks, unlike bonds, have a limited life. None of the above is correct. Which one of the following is a correct definition? A perpetuity is a series of unequal payments which occur in even time intervals over an unlimited period of time. An ordinary annuity is a infinite stream of equal payments which occur at the end of each time period. A perpetuity is a finite stream of equal payments. An ordinary annuity is a finite stream of equal payments which occur at the end of each time period. An annuity due is an infinite stream of equal payments which occur at the beginning of each time period
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