Problema firms dividends have grown over the last several, Ask an Expert

Finance

Problem:

A firm's dividends have grown over the last several years. 10 years ago the firm paid a dividend of $2. Yesterday it paid a dividend of $7.

Required:

Question: What was the average annual growth rate of dividends for this firm?

Note: Please explain comprehensively and give step by step solution.

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Category:- Basic Finance
Reference No.:- M91174405

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