Question

Brockman Corporation's earnings per share were $3.50 last year, 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 Brockman's EPS to triple?
a. 9.29
b. 10.33
c. 11.47
d. 12.75
e. 14.02

Answer

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