Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
![Telsome Publishing is a small, publicly traded
firm and has reported the following earnings
over the last five years: Year Earnings (in
millions) Current $180.00 Year -1 $100.00 Year
-2 $150.00 Year -3 $115.00 Year -4 $120.00
Year -5 $90.00 What is the geometric
average annual growth rate over the last five
years?
a. 20.00%
b. 14.87%
c. 21.25%
d. 12.47%
e. None of the above](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fac52c44c-b6f6-4c21-9e16-46c15ab4e4dc%2F1e4ec32d-6f3d-4338-bbac-9d3eb0a985d2%2Fqbdbfww_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Telsome Publishing is a small, publicly traded
firm and has reported the following earnings
over the last five years: Year Earnings (in
millions) Current $180.00 Year -1 $100.00 Year
-2 $150.00 Year -3 $115.00 Year -4 $120.00
Year -5 $90.00 What is the geometric
average annual growth rate over the last five
years?
a. 20.00%
b. 14.87%
c. 21.25%
d. 12.47%
e. None of the above
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