Suppose a firm's sales increased from $4 million in 2008 to more than $7 million in 2012.

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Suppose a firm's sales increased from $4 million in 2008 to more than $7 million in 2012. What has been the average annual growth rate in sales?
13%
15%
12%
14%

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Fundamentals of Corporate Finance

ISBN: 978-0133400694

1st canadian edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford, David A. Stangeland, Andras Marosi

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Question Posted: Jan 24, 2018 06:35 AM

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Suppose a firm's sales increased from $4 million in 2008 to more than $7 million in 2012.

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Computation of the Annual Growth ...View the full answer

Fundamentals of Corporate Finance

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