The average annual dividend growth rate . Whether, the constant growth rate model of dividend is better than the non-constant dividend model for proxy of intrinsic value. If not, indicate the use of non-constant dividend model for estimation of intrinsic value. Introduction: Average Annual Dividend Growth Rate: It refers to the average of the dividend growth rate for the past few years. It is calculated when the company has no fixed dividend growth rate per year.

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Chapter 9, Problem 8TCL

Summary Introduction

To identify: The average annual dividend growth rate. Whether, the constant growth rate model of dividend is better than the non-constant dividend model for proxy of intrinsic value. If not, indicate the use of non-constant dividend model for estimation of intrinsic value.

Introduction:

Average Annual Dividend Growth Rate: It refers to the average of the dividend growth rate for the past few years. It is calculated when the company has no fixed dividend growth rate per year.

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