posted by teresa
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.
Please do not ask the same question again after it's been answered.
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
Please use helper's answer. Mine is probably wrong.
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.
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