Microsoft’s 2016 earnings per share were $2.79, and its growth rate during the prior10 years was 8.80% per year. If that growth rate was maintained, how long would ittake for Microsoft’s EPS to double? (8.22 years)

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section4.2: Future Values
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Microsoft’s 2016 earnings per share were $2.79, and its growth rate during the prior
10 years was 8.80% per year. If that growth rate was maintained, how long would it
take for Microsoft’s EPS to double? (8.22 years)

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