Below is the code for the function DDMValue. What is the outcome in B4?
Public Function DDMValue(Div0 As Single, ReqRate As Single, GrowthRate As Single) As Single
If ReqRate > GrowthRate Then
DDMValue = Div0 * (1 + GrowthRate) / (ReqRate - GrowthRate)
Else
DDMValue = CVErr(xlErrValue)
End If
End Function
a) #VALUE!
b) -$110.50
c) $110.50
d) $55.64
e) $27.34
a) #VALUE!
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