Addico Corp. just announced its earnings per share of $2 for the financial year 2013-2014. The EPS is expected to decline at the rate of 11 percent per year for the foreseeable future. How long will it take for Addico's EPS to halve?
- 4.64 years
- 4.95 years
- 5.42 years
- 5.64 years
- 5.95 years