Question
You buy a share of The Ludwig Corporation stock for $18.75. You expect it to pay dividends of $1.70, $1.802, and $1.9101 in Years 1,
You buy a share of The Ludwig Corporation stock for $18.75. You expect it to pay dividends of $1.70, $1.802, and $1.9101 in Years 1, 2, and 3, respectively, and you expect to sell it at a price of $26.22 at the end of 3 years.
Calculate the growth rate in dividends.
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
8th edition
134730364, 978-0134730363
