super normal growth rate is that growth rate which is not
constant growth rate. it is flexible growth rate. it means some
years or period growth rate is higher than other period. when it is
gone constant growth rate certain period and than changed the
growth rate, it is called super normal growth rate. some example,
we can take here. company x has expected dividend per share is Rs
10. its growth rate is 5 % per year, for next 3 years. and than its
growth rate should be changed 10 %.
it is the example of super normal growth rate. here, first 3
years has normal growth rate is constant 5% and than it is change
by increasing to 10%. here super normal growth rate is start from
end of year 3.
