Question
Last year Thomson Inc's earnings per share were $3.50, and its growth rate during the prior 5 years was 7.0% per year. If that growth
Last year Thomson Inc's earnings per share were $3.50, and its growth rate during the prior 5 years was 7.0% per year. If that growth rate were maintained, how many years would it take for Thomson's EPS to triple? (Note: EPS is calculated annually.)
a. 16 years
b. 19 years
c. 17 years
d. 20 years
e. 15 years
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Introduction To Finance
Authors: Lawrence J Gitman, Jeff Madura
1st Edition
0201635372, 9780201635379
