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A firm’s dividends have grown over the last several years. 10 years ago the first paid a dividend of $1. Yesterday it paid a dividend of $6. What was the average annual growth rate of dividends in this firm?

A firm’s dividends have grown over the last several years. 10 years

ago the first paid a dividend of $1. Yesterday it paid a dividend of $6. What was the average annual growth rate of dividends in this firm?

 
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