Question: In practice, it may not be easy to value a share of common stock because . . . not even the promised cash flows are

In practice, it may not be easy to value a share of common stock because ...
not even the promised cash flows are known in advance.
common stock has no maturity, and thus the life of the investment is essentially forever.
there is no way to easily observe the rate of return that the market requires.
In practice, it may not be easy to value a share

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