Five years ago, Weed Go Inc. earned $2.30 per share. Its earnings this year were

Question

Five years ago, Weed Go Inc. earned $2.30 per share. Its earnings this year were $3.25. What was the growth rate in earnings per share (EPS) over the 5-year period? Your answer should be between 2.98 and 14.12, rounded to 2 decimal places, with no special characters. D Question 6 5 pts to invest in securities that pay 7.8%, compounded annually. If she invests $5,000 today, how many years will it take for her investment to double, and grow to $10,000? Your answer should be between 5.15 and 13.45, rounded to 2 decimal places, with no special characters

Explanation / Answer

As per Chegg policy only 1 question per submission can be solved. Here comes the solution for first question EPS 5 years before 2.3 EPS present 3.25 Growth rate ? EPS present= EPS 5 years before*(1+growth rate)^5 3.25 2.3*(1+growth rate)^5 (1+growth rate)^5 3.25/2.3 (1+growth rate)^5 1.413043 (1+growth rate) 1.4130^(1/5) (1+growth rate) 1.071596 Growth rate= 0.071596 Growth rate= 7.160%

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