Microsoft paid the following annual dividends over the last 5 years: Year Dividend 2012 0.35 2013 0.364 2014 0.3786 2015 0.3937 2016 0.4095 The next dividend is expected 12 months from now. Part 1 Based on the historical dividends, what is the expected growth rate of dividends? 4+ decimals Submit Previous answers: 0.0158 Attempt 2/10 for 8 pts.

Microsoft paid the following annual dividends over the last 5 years: The next dividend is expected 12 months from now. Part 1 Based on the historical dividends, what is the expected growth rate of dividends