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?© BrainMass Inc. brainmass.com June 3, 2020, 11:52 pm ad1c9bdddf
We use the compound interest formula to find the time period. The initial value ...
The solution explains how to calculate the time taken for the EPS to double