The purpose of the stepping-stone year is to:
A)assure that there is sufficient required cash
B)assure that future dividends are constant
C)assure that investment flows are consistent with terminal growth rates
D)allow for a final year of higher-than-sustainable growth

Question

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The Answer of The purpose of the stepping-stone year is to:
A)assure that there is sufficient required cash
B)assure that future dividends are constant
C)assure that investment flows are consistent with terminal growth rates
D)allow for a final year of higher-than-sustainable growth

The Purpose of the Stepping-Stone Year Is To