You bought a share of a company's stock for $76.50. You expect it to pay dividends of $72.50, $79.1338, $86.3745, and $94.2778 in Years 1, 2, 3, and 4, respectively, and you expect to sell it at a price of $54.38228 at the end of 75 years. Calculate the annual growth rate in dividends.

Answer rating: 100% (QA)

Assuming that the dividends are paid at the end of each year t... View the full answer