Question
A firm's dividends have grown over the last several years. 8 years ago the firm paid a dividend of $1. Yesterday it paid a dividend
A firm's dividends have grown over the last several years. 8 years ago the firm paid a dividend of $1. 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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Principles Of Corporate Finance
Authors: Lawrence J. Gitman, Sean M. Hennessey
2nd Canadian Edition
0321452933, 978-0321452931
