Last year Ellis Inc's earnings per share were $3.50, and its growth rate during the prior 5

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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. 10.33

b. 9.29

c. 12.75

d. 11.47

e. 14.02

Related Book For answer-question

Chemistry

ISBN: 978-0077274313

10th edition

Authors: Raymond Chang

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Posted Date: Jan 01, 2021 10:30 PM

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Last year Ellis Inc's earnings per share were $3.50, and its growth rate during the prior 5

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Chemistry

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