Microsoft earned $1.20 per share in 2006. Ten years later in 2016 it earned $2.79.What was the growth rate in Microsoft’s earnings per share (EPS) over the 10-yearperiod? If EPS in 2016 had been $2.10 rather than $2.79, what would the growth ratehave been? (8.80%, 5.76%)

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Chapter1: Investments: Background And Issues
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Microsoft earned $1.20 per share in 2006. Ten years later in 2016 it earned $2.79.
What was the growth rate in Microsoft’s earnings per share (EPS) over the 10-year
period? If EPS in 2016 had been $2.10 rather than $2.79, what would the growth rate
have been? (8.80%, 5.76%)

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