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Q6: For the non-constant growth stock, is the capital gain yield constant during their non-constant growth period? Why? Whats the horizon value (terminal value)? Is
Q6: For the non-constant growth stock, is the capital gain yield constant during their non-constant growth period? Why? Whats the horizon value (terminal value)? Is the horizon value a present value? If not, how to get the present value?
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