Homework Help: finance

Posted by teresa on Sunday, February 13, 2011 at 5:06pm.

If general cereal common stock dividend was 0.79 in 2000 and the last dividend paid was 1.55 in 2010, what is the annual growth rate.

finance - Ms. Sue, Sunday, February 13, 2011 at 5:09pm
Please do not ask the same question again after it's been answered.

http://www.jiskha.com/display.cgi?id=1297633963
finance - helper, Sunday, February 13, 2011 at 5:15pm
1.55 - .79 = .76 increase in 10 yrs
0.76/0.79 = 0.962025 = 96.2025% increase in 10 years

96.2025%/10 = annual growth rate
finance - Ms. Sue, Sunday, February 13, 2011 at 5:28pm
Please use helper's answer. Mine is probably wrong.
finance - helper, Sunday, February 13, 2011 at 5:32pm
I'm not sure either Ms. Sue after seeing your answer.

I multiplied out 10yrs at your rate and your answer is closer.

I have to think about this more.
finance - Anonymous, Monday, February 14, 2011 at 12:47pm
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