Question: How can the DCF method be applied if the growth rate was not constant? (detailed explanation needed) I found short answer for this as: We

How can the DCF method be applied if the growth rate was not constant? (detailed explanation needed)

I found short answer for this as: "We will find the PV of the dividends during the nonconstant growth period and add this value to the PV of the series of inflows when growth is assumed to become constant." But I am looking for a detailed explanation.

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