Question

Assume a company pays out $100 in dividends in year 1. What would the annual growth rate (rounded to the nearest 1%) for dividends have to be during years 2-5 so total dividends paid out during years 1-10 would be $2000

Answer 1

Explanation:

Assume a company pays out $100 in dividends in year 1. What would the annual growth rate (rounded to the nearest 1%) for dividends have to be during years 2-5 so total dividends paid out during years 1-10 would be $2000.