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21. Over the past 7 years the dividends of Minton Ltd. have grown from 0.24 to the current level of 0.53. What is the approximate

21. Over the past 7 years the dividends of Minton Ltd. have grown from 0.24 to the current level of 0.53.

What is the approximate annual compound growth rate of Minton's dividends?

a. 20.8% b. 12.0% c. 9.5% d. 10.0%

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