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Compound Annul Average Growth

Forums › CIMA Forums › Compound Annul Average Growth

  • This topic has 0 replies, 1 voice, and was last updated 10 years ago by rishan.
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  • June 16, 2015 at 3:23 am #257197
    rishan
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    • Topics: 3
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    Year Earnings No. of shares in issue at the end of year
    2001 120 100
    2002 160 150
    2003 180 150
    2004 210 150

    The company issued 50mil new shares by means of a right issue on 03.01.2002

    What is the compound average annual growth rate in earnings per share achieved between 2001 and 2004?

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