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Which of the following is true about the dividend discount model (DDM)? Select one: a. Using DDM, the estimated cost of equity is not affected

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Which of the following is true about the dividend discount model (DDM)? Select one: a. Using DDM, the estimated cost of equity is not affected by the firm's estimated growth rate b. Risk is specifically considered in the DDM. c. The dividend discount model (DDM) and capital asset pricing model (CAPM) may provide different values for a firm's cost of equity. d. DDM only works if the firm has a positive growth rate

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