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Write a short journal that addresses the following concepts: marginal investor; intrinsic value versus market price; required rate of return versus expected rate of return
Write a short journal that addresses the following concepts: marginal investor; intrinsic value versus market price; required rate of return versus expected rate of return versus actual rate of return; capital gains yield; dividend yield versus cash flow yield; expected total return; growth rate versus capital gains rate (when are they equal); zero growth stock versus perpetuity; constant growth stock and the use of the constant growth model to value; horizon date and the assumption of a horizon value; preferred stock versus perpetuity.
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