Why can't the expected growth rate exceed the investor's required return in the constant growth model?

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Fundamentals of Financial Management

ISBN: 978-1337395250

15th edition

Authors: Eugene F. Brigham, Joel F. Houston

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Question Posted: Mar 13, 2018 08:38 AM

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Why can't the expected growth rate exceed the investor's required return in the constant growth model?

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Fundamentals of Financial Management

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