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Which of the following is NOT accurate regarding cost of equity capital estimates calculated using the SML approach? Select one: a. To implement this approach,

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Which of the following is NOT accurate regarding cost of equity capital estimates calculated using the SML approach? Select one: a. To implement this approach, the financial manager must estimate a market risk premium and a beta coefficient. O b. Unlike the dividend growth model, the SML estimate adjusts for risk. O c. The SML applies only to firms with stable dividend growth rates. O d. Like the dividend growth model, SML generally relies on using the past to predict the future. O.e. The quality of the estimate using the SML approach is sensitive to the quality of the estimates for the input variables in the model

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