Question
Last year Thomson Inc's earnings per share were $3.50, and its growth rate during the prior 5 years was 4.6% 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 4.6% 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. 19 years
b. 28 years
c. 21 years
d. 25 years
e. 20 years
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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
