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Problem 9-11

You are given the following information about two computer software firms and the S&P Industrials:

	Company A		Company B		S&P Industrials
P/E ratio	27.00		25.00		16.00
Expected annual growth rate	0.19		0.16		0.06
Dividend yield	0.00		0.01		0.02

1. Compute the growth duration of each company stock relative to the S&P Industrials. Do not round intermediate calculations. Round your answers to two decimal places.

   Company A: years

   Company B: years

2. Compute the growth duration of Company A relative to Company B. Do not round intermediate calculations. Round your answer to two decimal places.

   years