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What is the equation to obtain the growth rate for Yr3 ? Current Yr Yr 2 Yr3 interest exp $ 1,800 $ 2,200 $ 1,900
What is the equation to obtain the growth rate for Yr3?
| Current Yr | Yr 2 | Yr3 | |
| interest exp | $ 1,800 | $ 2,200 | $ 1,900 |
| long term debt | $ 20,000 | $ 30,000 | $ 25,000 |
| interest rate | 9.00% | 7.33% | 7.60% |
| current div | $ 1.16 | $ 1.04 | $ 0.86 |
| growth rate | 11.54% | 20.93% | |
| current stock price | $ 35.25 | $ 32.00 | $ 31.00 |
| required rate of return | 14.8% | 24.2% | 23.6% |
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Managerial Accounting Creating Value in a Dynamic Business Environment
Authors: Ronald W. Hilton
9th edition
78110912, 978-0078110917
