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Compute the compound annual rate of growth in earnings

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Reference no: EM133006943

Business has been good for Keystone Control Systems, as indicated by the eleven-year growth in earnings per share. The earnings have grown from $1.00 to $1.70.

Problem a. Compute the compound annual rate of growth in earnings (n = 11). (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

Reference no: EM133006943

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