Question
In the Non-Constant (Supernormal) Growth model, we assume that dividends will grow at a constant rate forever after the nonconstant growth period. Is this realistic?
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In the Non-Constant (Supernormal) Growth model, we assume that dividends will grow at a constant rate forever after the nonconstant growth period. Is this realistic? If not, why do we do so?
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Introduction To Finance Markets Investments And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
14th Edition
0470561076, 9780470561072
