How many years will it take for the eps to double

Reference no: EM133654916

Question: The current market price of NovaTech Inc. stock is $5, and the company's earnings per share (EPS) for the most recent fiscal year was $2.50. If the company's earnings grow at a rate of 7% per year, how many years will it take for the EPS to double? Round up to the nearest whole year.

Reference no: EM133654916

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