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Dear Mike,
So far I have studied chap 1-16. I studied growth model i.e. price = Do(1+g)/(re-g).
I am solving Exam question D12Q4 (a) (iv).
It has a sum asking value of company using Gordon’s growth model (bre model). So can you please help me understand what is the bre model or where do I refer to, to understand the concept of bre.
Thanks
Aamirrb growth is explained in detail in Chapter 17 of the lecture notes, and the free lectures that go with it.
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