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A corporation has seen its earnings decline over the past three years from 500,000 to $465000. At what compound rate did the firms earnings change
A corporation has seen its earnings decline over the past three years from 500,000 to $465000. At what compound rate did the firms earnings change over that time frame? the answer says -2.39 but can you explain the CPT calculation necessary to get this answer? Thank you
the answer says -2.39 but can you explain the CPT calculation necessary to get this answer? Thank you
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
12th edition
978-0324597714, 324597711, 324597703, 978-8131518571, 8131518574, 978-0324597707
