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    EPS to double

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    Last year Mason Corp's earnings per share were $2.50, 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 Mason's EPS to double?

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    Solution Preview

    We use the compound interest formula to find the time period. The initial value ...

    Solution Summary

    The solution explains how to calculate the time taken for the EPS to double