SOLUTION: 1.43=1.05(1+g)4 trying to solve for g to give me the dividend growth rate. the answer in the book is .0803 I just forgot how to do this type of algebra.

Question 545062: 1.43=1.05(1+g)4 trying to solve for g to give me the dividend growth rate. the answer in the book is .0803 I just forgot how to do this type of algebra.
Found 2 solutions by nerdybill, josmiceli:
Answer by nerdybill(7384) (Show Source): You can put this solution on YOUR website!
1.43=1.05(1+g)^4
1.43/1.05 = (1+g)^4
(1.43/1.05)^(1/4) = 1+g
(1.43/1.05)^(1/4) - 1 = g
0.08 = g
or
8% = g

Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Use logs

I don't have a calculator right now, but you
will end up with:
( n is some number )
Change this to the form

Hope this helps
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