Use the PV=FV/(1+r)t formula and solve for r to get the geometric average increase in dividends. So,
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Use the PV=FV/(1+r)t formula and solve for r to get the geometric average increase in dividends. So, .08 = .28/(1+r)10
Related Book For
Macroeconomics
ISBN: 978-0321675606
6th Canadian Edition
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
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