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If a firm's earnings grow from $1 to $2 over a fifteen-year period, the total growth rate would be 100%, but the annual growth rate

If a firm's earnings grow from $1 to $2 over a fifteen-year period, the total growth rate would be 100%, but the annual growth rate would be less than 10%. True or False? Please explain, and you must show your calculations. Please carry your answer to two decimal places.

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