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Problem:

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.

Question: What was the average annual compound growth rate of dividends for this firm? Please provide all computation and formulas.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91145850

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