If a firms earnings per share grew from $1 to $2 over a 10-year period, the total

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If a firm’s earnings per share grew from $1 to $2 over a 10-year period, the total growth would be 100 percent, but the annual growth rate would be less than 10 percent. True? Explain. Under what conditions would the annual growth rate actually be 10 percent per year?

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Essentials of Managerial Finance

ISBN: 978-0324422702

14th edition

Authors: Scott Besley, Eugene F. Brigham

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