Estimated Cash Flows to Perpetuity (Dec 2010 Q1)

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October 20, 2015 at 6:12 am #277725
kurtlan
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When calculating the Estimated value based on cash flows to perpetuity for the Management Buy-out option, why did we subtract 5% from 11%?
October 21, 2015 at 10:30 am #278053
petrochina
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That is in accourdance with dividend growth model
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