To illustrate how the geometric average and the arithmetic average of historical dividend growth can differ, consider
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To illustrate how the geometric average and the arithmetic average of historical dividend growth can differ, consider the following dividends paid by the Joltin’ Joe Company:
Because the starting and ending dividend amounts are the same as they are in the Broadway Joe example, the geometric growth rate is still 8 percent.
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Related Book For 
Fundamentals Of Investments Valuation And Management
ISBN: 9781266824012
10th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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