At year-end 2014 it paid a dividend of 5 what was the
A firm's dividends have grown over the last several years. At the end of the year 2002, the firm paid a dividend of $1. At year-end 2014, it paid a dividend of $5. What was the average annual compound growth rate of dividends for this firm.
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assume that the risk-free rate of interest is 3 and the expected rate of return on the market is 16 a share of stock
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