What is the expected growth rate (g in the formula below) of UST cash flows? Is it lower or higher compared to past?

Use the 1998 P/E ratio (13.8). Assume CAPM, use 5.45% treasury bond rate for risk-free rate, assume market premium is 7% (this value is relative to government bonds), and a market beta of 0.65.

P/E Ratio = 13.8

4- ) What is the expected growth rate (g in the formula below) of UST cash flows? Is it lower or higher compared to past? E P= FE(1+3) (1+r) r-g k=0 1 E re-g Use the 1998 P/E ratio. Assume CAPM, use 5.45% treasury bond rate for risk free rate, assume market premium is 7% (this value is relative to government bonds), and market beta of 0.65. 4- ) What is the expected growth rate (g in the formula below) of UST cash flows? Is it lower or higher compared to past? E P= FE(1+3) (1+r) r-g k=0 1 E re-g Use the 1998 P/E ratio. Assume CAPM, use 5.45% treasury bond rate for risk free rate, assume market premium is 7% (this value is relative to government bonds), and market beta of 0.65