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Last Year Ellis Inc's Earnings Per Share Were $3

Question 55

Multiple Choice

Last year Ellis Inc's earnings per share were $3.50, and its growth rate during the prior 5 years was 9.0% per year. If that growth rate were maintained, how many years would it take for Ellis' EPS to triple?


A) 9.29
B) 10.33
C) 11.47
D) 12.75
E) 14.02

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