Annual dividends of Generic Electrical grew from $0.68 in 2012 to $1.05 in 2017. What was the annual growth rate? (Round your answer to 2 decimal places.)

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter11: Investment Planning
Section: Chapter Questions
Problem 7FPE: Using the Value Line Investment Survey report in Exhibit 11.5, find the following information for...
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Annual dividends of Generic Electrical grew from $0.68 in 2012 to $1.05 in 2017.
What was the annual growth rate? (Round your answer to 2 decimal places.)
Transcribed Image Text:Annual dividends of Generic Electrical grew from $0.68 in 2012 to $1.05 in 2017. What was the annual growth rate? (Round your answer to 2 decimal places.)
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