Question: Create a user-defined function to calculate the value of a common stock using the earnings model that was introduced in Chapter 8 on page 246.

Create a user-defined function to calculate the value of a using the earnings model that was introduced in Chapter 8 on page 246.
a. What arguments will you need to accept in order to implement equation (8-13) exactly as it is displayed?
b. Now change your function so that it requires the retention ratio, instead of the expected retained earnings.
c. Use your function to solve parts a and b of problem 1 on page 259.

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