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Which of the following is NOT a limitation of the discounted dividend valuation model (DDM)? 1. It cannot be used to value private firms 2.
Which of the following is NOT a limitation of the discounted dividend valuation model (DDM)? 1. It cannot be used to value private firms 2. It cannot be applied to firms with negative earnings (loss making firms) 3. It can only be applied to firms with constantly growing dividends 4. It cannot be applied to firms that never make dividend payments
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