Solved: What is the growth rate of the dividends, Financial Accounting

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What is the growth rate of the dividends

Response to the following problem:

Alexis owns stock in a company which has consistently paid a growing dividend over the last 10 years. The first year Alexis owned the stock, she received $4.50 per share and in the 10th year, she received $4.92 per share. What is the growth rate of the dividends over the last 10 years?

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Financial Accounting: What is the growth rate of the dividends

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