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tetleyelmo tetleyelmo
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7 years ago
In its first year of operations, 1980, the Gourmet Cheese Shoppe had earning per share of $0.26. Four years later, in 1984, EPS was up to $0.38, and 7 years after that, in 1991, EPS was up to $0.535. It appears that the first four years represented a supernormal growth situation and since then a more normal growth rate has been sustained. What are the rates of growth for the earlier period and for the later period? (Round to the nearest whole number)
A) 6%; 5%   
B) 6%; 3%   
C) 10%; 8%   
D) 10%; 5%   
E) 12%; 7%
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 1st
Authors:
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BlimpBlimp
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7 years ago
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Pol. Sci. Major
Minoring in Business
Columbia University Sophomore

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tetleyelmo Author
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7 years ago
This helped my grade so much Perfect
hmonier
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Thank you, thank you, thank you!
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Helped a lot
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