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Find what was the average annual growth rate of dividends

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Reference no: EM132533198

Question 1: A firm's dividends have grown over the last several years. 6 years ago the firm paid a dividend of $1. Yesterday it paid a dividend of $7. What was the average annual growth rate of dividends for this firm? Round the answer to two decimal places in percentage form.

Reference no: EM132533198

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