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Which one of the following statements is false? Question 4 options: Firm equity value is the same under DDM and NPVGO approaches. A company with

Which one of the following statements is false? Question 4 options: Firm equity value is the same under DDM and NPVGO approaches. A company with a higher P/E ratio than another company in the same industry is overvalued. Assuming a fixed discount rate, a company can grow its earnings and dividends while investing in negative NPV projects. Company growth rates and retention ratios are positively correlated in practice.

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