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9 September, 00:55

Five years ago, Weed Go Inc. earned $1.50 per share. Its earnings this year were $3.20. What was the growth rate in earnings per share (EPS) over the 5-year period? Group of answer choices a. 18.94% b. 18.04% c. 16.36% d. 17.18% e. 15.54%

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  1. 9 September, 00:58
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    Option C 16.36% is correct.

    Explanation:

    We can find the growth using the following growth formula:

    g = (Earning per share today / Earning per share n years ago) ^ (1/5) - 1

    EPS of this year is $3.2 per share and 5 ago was $1.5 per share.

    So by putting values we have:

    g = (3.2 / 1.5) ^ (1/5) - 1 = 16.36%

    The right option is C.
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Home » Business » Five years ago, Weed Go Inc. earned $1.50 per share. Its earnings this year were $3.20. What was the growth rate in earnings per share (EPS) over the 5-year period? Group of answer choices a. 18.94% b. 18.04% c. 16.36% d. 17.18% e. 15.54%
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