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1. What is the difference between supernormal growth and normal growth Why is this dis- inction important 2. Describe how PE changes with changes in

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1. What is the difference between supernormal growth and normal growth Why is this dis- inction important 2. Describe how PE changes with changes in supernormal growth rats 3. In a PE valuation, why do we need to have a way to adjust for differences in supernormal growth rates? 4. What is the PEG ratio and how would you use it in valuation

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