The cash flows associated with common stock are more difficult to estimate than those related to bonds because stock has a residual claim against the company versus a contractual obligation for a bond
- true
- false
The price of a stock is the present value of all expected future dividends l, discounted at the dividend growth rate
- true
- false
The constant growth model cannot be used for a zero growth stock , where the dividends is expected to remain constant over time
- true
- false