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What is the compounded annual rate of increase

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Question - From 2002 to 2009, the earnings per share of a common stock of a company increased from $4.71 to $9.38.

What is the compounded annual rate of increase?

What is the daily period rate at a standard conversion rate of 1 year = 360 days?

Compare the two answers: why does it make sense that the second number is smaller than the first?

Reference no: EM131697504

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