Does it have a steady state growth rate?
In an old AF post here: http://www.analystforum.com/forums/cfa-forums/cfa-level-ii-forum/91319415 it would suggest so?
I think it does not have stady state growth rate… depending on research the growth rate can vary…
Then again I only got 47% in Econ in first mock… i have to revise the material.
I also thought that but I am unsure. Can anyone else chime in?
None of which I’m aware.