单选题 Which of the following is a shortcoming(s) of the constant growth dividend discount model? A. Firms with temporary high-growth expectations have characteristics that are inconsistent with model. B. Many rapid growth companies pay little or no dividends, and forecasting their future plans may be futile. C. All these choices are correct.

【正确答案】 C

【答案解析】The constant growth dividend discount model cannot be used to value firms that don't pay dividends or are experiencing supernormal growth and are very dependent on the assumed values of k and g.