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finance

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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 - ,

    Please do not ask the same question again after it's been answered.

    http://www.jiskha.com/display.cgi?id=1297633963

  • finance - ,

    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 - ,

    Please use helper's answer. Mine is probably wrong.

  • finance - ,

    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 - ,

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