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A non-constant growth model of stock Valuation: a. assumes the growth rate will always be zero when estimating the horizon value. b uses the firms
A non-constant growth model of stock Valuation: a. assumes the growth rate will always be zero when estimating the horizon value. b uses the firms cost of debt to discount the cash flows. c can only be applied to mature, slow growing firms. d assumes the growth rate is unchanging over time. e allows for an uneven growth period before a horizon point is reached.
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