If a firms earnings grow from 1 to 2 over a ten year


If a firm's earnings grow from $1 to $2 over a ten year period, the total growth rate would be 100%, but the annual growth rate would be less than 10%.  True or False?  Please explain, and you must show your calculations

 

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Finance Basics: If a firms earnings grow from 1 to 2 over a ten year
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