Under what conditions would you use a two-or three-stage cash flow model rather than the constant-growth model?

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Investment Analysis and Portfolio Management

ISBN: 978-0538482387

10th Edition

Authors: Frank K. Reilly, Keith C. Brown

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Question Posted: Dec 17, 2014 10:41 AM

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Under what conditions would you use a two-or three-stage cash flow model rather than the constant-growth model?

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Investment Analysis and Portfolio Management

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