Earnings per share for XYZ, Inc. grew constantly from $7.99 in 1974 to $12.68 in 1980. What was the compound annual growth rate in earnings-per-share over the period?
What will be an ideal response?
Answer: $12.68 = $7.99 FVIF[? %, 6 yr]
1.587 = FVIF[? %, 6 yr]
g = 8%
Business
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Fill in the blank(s) with correct word
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Advertising effort made in a given period will produce some additional sales response in subsequent sales periods, and the advertising carryover coefficients range from zero to less than one
Indicate whether the statement is true or false
Business