A company reported net income in 2012 of $350 million. In 2016 the company expects net income

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A company reported net income in 2012 of $350 million. In 2016 the company expects net income to be $446.9 million. Estimate the annual compound growth rate of net income.

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Fundamentals Of Investing

ISBN: 9780134083308

13th Edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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