What is the value of a firm with initial dividend Div, growing for n years (i.e., until

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What is the value of a firm with initial dividend Div, growing for n years (i.e., until year n + 1)

at rate g1 and after that at rate g2 forever, when the equity cost of capital is r ?

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Corporate Finance The Core

ISBN: 9781292431611

5th Global Edition

Authors: Jonathan Berk, Peter DeMarzo

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