Five years ago, Glow Go Inc. earned $7.50 per share. Its earnings this year were $13.20. What was...
- Five years ago, Glow Go Inc. earned $7.50 per share. Its earnings this year were $13.20. What was the growth rate in earnings per share (EPS) over the 5-year period?
Homework Answers
Ans 11.97%
| FV = | Future Value |
| PV = | Present Value |
| r = | rate of interest |
| n= | no of period |
| FV/ PV = | (1 + r )^n |
| 13.20 /7.50 = | (1 + r%)^5 |
| 1.76 = | (1 + r%)^5 |
| r = | 11.97% |
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