What Is the Implied Growth Duration of Howard Industries Given

question 71

Multiple Choice

What is the implied growth duration of Howard Industries given the following: $\begin{array}{lcc} & \text { S\&P Industrials } & \text { Howard Industries } \\\hline \text { P/E Ratios } & 14 & 24 \\\text { Average Growth (\%) } & 6.0 & 12.0 \\\text { Dividend Yield } & .07 & .04\end{array}$

• A)11.5 years
• B)16.8 years
• C)22.6 years
• D)18.4 years
• E)20.6 years