FINAL ASSIGNMENT Microsoft's 2004 earnings per share were $1.04, and its growth rate during the prior ten years was 24.1% per year. If that growth were maintained, how long would it take for Microsoft's EPS to double? a. 9 years b. 3.21 years c. 4.68 years d. exactly 5.98 years

Survey of Accounting (Accounting I)
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ISBN:9781305961883
Author:Carl Warren
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Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.1.1MBA
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FINAL ASSIGNMENT
Microsoft's 2004 earnings per share were $1.04, and its growth
rate during the prior ten years was 24.1% per year. If that
growth were maintained, how long would it take for Microsoft's
EPS to double?
a. 9 years
b. 3.21 years
c. 4.68 years
d. exactly 5.98 years
Transcribed Image Text:FINAL ASSIGNMENT Microsoft's 2004 earnings per share were $1.04, and its growth rate during the prior ten years was 24.1% per year. If that growth were maintained, how long would it take for Microsoft's EPS to double? a. 9 years b. 3.21 years c. 4.68 years d. exactly 5.98 years
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