Chartered Financial Analyst Level 2
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When using a general two-stage DDM, the terminal value of the stock can be estimated using the last dividend paid and:
When using a general two-stage DDM, the terminal value of the stock can be estimated using the last dividend paid and:
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A
only the short-term dividend growth rate.
B
only the long-term dividend growth rate.
C
both the short-term dividend growth rate and the long-term dividend growth rate.
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