Wildhorse Technologies, Inc., an Indian technology company, reported net income of $418,000,000 this year. Analysts expect the company’s earnings to be $1,650,000,000 in five years. What is the expected growth rate in the company’s earnings?
Wildhorse Technologies, Inc., an Indian technology company, reported net income of $418,000,000 this year. Analysts expect the company’s earnings to be $1,650,000,000 in five years. What is the expected growth rate in the company’s earnings?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Wildhorse Technologies, Inc., an Indian technology company, reported net income of $418,000,000 this year. Analysts expect the company’s earnings to be $1,650,000,000 in five years. What is the expected growth rate in the company’s earnings? (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to 2 decimal places, e.g. 8.72%.)
| Expected earnings growth rate | % |
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A percentage that represents the increase in a particular variable at a particular time interval is term as growth rate.
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