Please provide answer for this questions
1. An analyst estimates that XYZ’s earnings will grow from $3.00 a share to $4.50 per
share over the next eight years. The rate of growth in XYZ’s earnings is closest to:
A. 4.9%.
B. 5.2%.
C. 6.7%.
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It’s the basic TVM sum.
Just in calci , put +/-3 PV, 4.5 FV, 8N , cpt I/y and you will get the ans.
Pls do TVM cls.
Yes, 5.2% is the answer.
B is correct.
N = 8; PV = –3; FV = 4.50; PMT = 0; CPT → I/Y = 5.1989