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%, but the annual growth rate would be less than 10%. True or false? Explain.
(Hint: If you aren’t sure, plug in some numbers and check it out.)
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Fundamentals Of Financial Management Concise Edition
ISBN: 9781285065137
8th Edition
Authors: Eugene F. Brigham, Joel F. Houston
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