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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?

  1. 4.64 years
  2. 4.95 years
  3. 5.42 years
  4. 5.64 years
  5. 5.95 years 

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