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The differential growth model: makes allowance for one change in the discount rate. assumes the second growth rate will be zero. uses Div T +
The differential growth model:
makes allowance for one change in the discount rate.
assumes the second growth rate will be zero.
uses DivT + 1 as the dividend amount throughout the formula.
requires g2 to be less than the discount rate.
assumes the first growth rate will be zero.
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