Under what conditions would you use a two-or three-stage cash flow model rather than the constant-growth model?
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The DDM assumes that 1 dividends grow at a constant rate 2 the constant growth rate will contin...View the full answer
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Ashok Kumar Malhotra
Chartered Accountant - Accounting and Management Accounting for 15 years.
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Related Book For
Investment Analysis and Portfolio Management
ISBN: 978-0538482387
10th Edition
Authors: Frank K. Reilly, Keith C. Brown
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