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mantparn mantparn
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7 years ago
Ashley owns stock in a company which has consistently paid a growing dividend over the last five years. The first year Ashley owned the stock, she received $1.71 per share and in the fifth year, she received $2.89 per share. What is the growth rate of the dividends over the last five years?
A) 7 percent
B) 11 percent
C) 12 percent
D) 5 percent
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
Authors:
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UlainUlain
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7 years ago
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mantparn Author
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#2
7 years ago
Thanks for the assistance, I've marked your post as best answer
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#3
5 years ago
Thank you!
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#4
4 years ago
thaks
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#5
3 years ago Edited: 3 years ago, Muhammad Elsherbini
The idea is to find the interest rate that makes the future value of the present value
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