Question
HW 2B Question 5 This set of problems is designed to be calculated using the Excel or financial calculator . You can also use algebraic
HW 2B
Question 5
This set of problems is designed to be calculated using the Excel or financial calculator. You can also use algebraic formulas. Do not use financial tables to calculate these problems.
A firm's dividends have grown over the last several years. 6 years ago the firm paid a dividend of $1. Yesterday it paid a dividend of $3. What was the average annual growth rate of dividends for this firm?
Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)
Your Answer:
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Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
12th edition
1259720683, 978-1259720680
