Solved: A firms dividends have grown over the last several years 9, Finance Basics

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A firms dividends have grown over the last several years 9

Question 5

A firm's dividends have grown over the last several years. 9 years ago the firm paid a dividend of $2. Yesterday it paid a dividend of $5. What was the average annual growth rate of dividends for this firm?

Round the answer to two decimal places in percentage form.

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Finance Basics: A firms dividends have grown over the last several years 9

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