Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Microsoft's 2004 earnings per share were $1.04, and its growth rate during the prior ten years was 15.96% per year. If that growth were maintained,
Microsoft's 2004 earnings per share were $1.04, and its growth rate during the prior ten years was 15.96% per year. If that growth were maintained, how long would it take for Microsoft's EPS to double? (Points : 3) |
9 years 3.21 years 4.68 years exactly 5.98 years
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started