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  3. 6. the model we are creating is a dividend discoun

6. The model we are creating is a Dividend Discount Model, but in recent years...

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6. The model we are creating is a Dividend Discount Model, but in recent years firms have returned a greater proportion of cash to shareholders using stock buybacks. How should you modify your model to account for this form of cash payout to shareholders? (5 Points)

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