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Business has been good for Keystone Control Systems, as indicated by the eleven - year growth in earnings per share. The earnings have grown from
Business has been good for Keystone Control Systems, as indicated by the elevenyear growth in earnings per share. The earnings have grown from $ to $
a Determine the compound annual rate of growth in earnings
Note: Do not round intermediate calculations. Input your answer as a percent rounded to decimal places.
Compound annual rate of growth
b Based on the growth rate determined in part a project earnings for next year
Note: Do not round intermediate calculations. Round your answer to decimal places.
table$
c Assume the dividend payout ratio is percent. Compute
Note: Do not round intermediate calculations. Round your answer to decimal places.
table$
d The current price of the stock is $ Using the growth rate from part a and from part compute Note: Do not round intermediate calculations. Input your answer as a percent rounded to decimal places.
table
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