Question
A firm's dividends have grown over the last several years. 5 years ago the firm paid a dividend of $2. Yesterday it paid a dividend
A firm's dividends have grown over the last several years. 5 years ago the firm paid a dividend of $2. Yesterday it paid a dividend of $5. What was the average annual growth rate of dividends for this firm?
Round the answer to two decimal places in percentage form.
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
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