Question
A firm's dividends have grown over the past 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 past 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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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
