From 2010 to 2015 Steller Strollers, Inc., has paid dividends of $1.06, $1.13, $1.21, $1.25, $1.31, and
Question:
From 2010 to 2015 Steller Strollers, Inc., has paid dividends of $1.06, $1.13, $1.21, $1.25, $1.31, and $1.38. Use an Excel spreadsheet like the template below to find Steller's historical dividend growth rate.
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GROWTH RATE FOR A DIVIDEND STREAM Year Dividend 4 6 8 9 Annual Growth RateRATE(A8-A3),0,-B3,B8,0) Entry in Cell B9 is RATE((A8-A3),0,-83,88,0) The expression (A8-A3) in the entry calculates the number of years of growth The minus sign appears before B3 because the dividend in 2002 is treated as a cash outflow. 10
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Fundamentals Of Investing
ISBN: 9780134083308
13th Edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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