Answer this soon pls!
2 answers:
You might be interested in
Answer:
The number of years it would take is
Step-by-step explanation:
From the question we are told that
The earning per share is $3.50
The growth rate is r = 7.0%
The duration is
Generally the future value is mathematically represented as
Where P is the present value
n is the time period
A is the future value which is mathematically evaluated as
substituting value
$ 10.5 0
So
Taking log of both sides