How can you re-arrange the dividend discount formula to solve for the growth rate? Please see example 10 on p142-143 of the equity CFA 2013 text book. They skip the steps in the example.
Thanks for your help
What do you mean they skip the steps? It’s right there in Solution 2. They just combine a couple arithmetic routines.
They are some basic maths skills. If you don’t understand it, go read a high school math textbook.
i get stuck on algebraic rearangements myself… convert the formula into standard x and y variables and search google… you will find the answer