Which of the following are the assumptions of Gordon's dividend-capitalization model?
A. No taxes
B. Cost of capital is less than the growth rate
C. No internal financing
D. Constant retention
E. Constant cost of capital
Choose the correct answer from the options given below:
1
A, B & D only
2
B, C & E only
3
A, C & D only
4
A, D & E only