A company paid dividends of $1.00 per share in 2006 and just announced that it will pay

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A company paid dividends of $1.00 per share in 2006 and just announced that it will pay $2.21 in 2013. Estimate the compound annual growth rate of the dividends.

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Fundamentals of Investing

ISBN: 978-0133075359

12th edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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