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

Question 23

Multiple Choice

Last year Thomson 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 Thomson's EPS to triple?


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

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