Question
Hi I don't know what formula to use with this question. A firm's dividends have grown over the last several years. At the end of
Hi I don't know what formula to use with this question.
A firm's dividends have grown over the last several years. At the end of the year 2002, the firm paid a dividend of $1. At year-end 2014, it paid a dividend of $5. What was the average annual compound growth rate of dividends for this firm.
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
5th edition
321280299, 321280296, 978-0321280299
