A company paid a dividend of $1.50 per share in 2009 and announced that it will pay
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A company paid a dividend of $1.50 per share in 2009 and announced that it will pay a dividend of $2.75 in 2016. Estimate the compound annual growth rate of the dividends.
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Solution The compound annual growth rate of the dividend is 1200 Working Notes The comp...View the full answer
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Fundamentals Of Investing
ISBN: 9780135175217
14th Edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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