Common shares are the most important security issued by the companies to raise the funds. Since, return  on common securities is not fixed due to which prices of the common shares also fluctuates. Which would be more appropriate for evaluating your company's stock price, a constant or non-constant growth model, and why? How would each of the factors used in these models impact your estimated value.

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter9: Auditing The Revenue Cycle.
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Common shares are the most important security issued by the companies to raise the funds. Since, return  on common securities is not fixed due to which prices of the common shares also fluctuates. Which would be more appropriate for evaluating your company's stock price, a constant or non-constant growth model, and why? How would each of the factors used in these models impact your estimated value. 

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