What is the arithmetic average dividend growth rate

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1. The common stock of JL Recyclers has a required return of 12 percent and a current value of $18.72. The company pays its dividend annually and increases the amount by 4 percent each year. You own 300 shares of this stock. What was the total amount of the last dividend you received?

$319.00

$360.00

$432.00

$480.00

$513.00

2. "Knit n Needle started paying dividends 4 years ago. The annual dividends thus far have been $0.25, $0.27, $0.30, and $0.33, respectively. What is the arithmetic average dividend growth rate?"

6.33 percent

8.58 percent

9.70 percent

10.80 percent

11.17 percent

Reference no: EM131307793

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