Create a user-defined function to calculate the price of the common stock using the constant-growth dividend discount model, equation (9-3) on page 256. The formula is:





a) The function, to be named DDMValueA, should return an error if the required rate of return on common shares (kCS) is less than the growth rate (g).

b) Create another version of the function from part (a)—call it DDMValueB—that will return an error if the required rate of return on common shares (kCS) is greater than the growth rate (g) by less than 5% .




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