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problem: Tom is estimating the growth rate in dividends of a company over the past six years. Determine the annual compound growth rate if the dividends are as follows:

Year

Dividends

1997

   $1.38

1998

     1.52

1999

     1.85

2000

     1.80

2001

     1.95

2002

     2.15

 

 

 

Risk Management, Finance

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