Question: The formula for rE is D1/P0 g, but the difference between the costs of equity based on the 10-year and 5-year growth rates isn't exactly

The formula for rE is D1/P0 g, but the difference between the costs of equity based on the 10-year and 5-year growth rates isn't exactly equal to the difference between the growth rates. Why? (Page 85)

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