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Which of the following statements is CORRECT, assuming stocks are in equilibrium? a. Assume that the required return on a given stock is 13%. If

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Which of the following statements is CORRECT, assuming stocks are in equilibrium? a. Assume that the required return on a given stock is 13%. If the stock's dividend is growing at a constant rate of 5%, its expected dividend yield is 5% as well b. A stock's dividend yield can never exceed its expected growth rate c. The dividend yield on a constant growt is stock must equal its expected total return minus its expected capital gains yield d. A required condition for one to use the constant growth model is that the stock's expected growth rate exceeds its required rate of return

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