The Dividend Discount Model with Multiple Growth Rates of Any Order for Stock Evaluation

Preprint English OPEN
Hatemi-J, Abdulnasser; El-Khatib, Youssef;
  • Subject: Quantitative Finance - Pricing of Securities

In this paper we provide a general solution for the dividend discount model in order to compute the intrinsic value of a common stock that allows for multiple stage growth rates of any predetermined number of periods. A mathematical proof is provided for the suggested g... View more
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