Annual rate of growth of earnings per share
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If a corporation reported earnings per share of $8.00 in 1990 and $20 in 2001, what annual rate did earnings per share grow over this period? How would you determine how to solve this problem/ formulas used?
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Solution Summary
The solution calculates annual rate of growth of earnings per share.
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EPS = $8.00 in 1990
EPS= $20.00 in 2001
No of years elasped= 2001-1990 = 11 years
Therefore EPS growth ...
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