burnsmykala23
07.06.2020 •
Business
A firm's dividends have grown over the last several years. 3 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.
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Ответ:
The average annual growth rate of dividends for this firm is 90.05%
Explanation:
In order to calculate the average annual growth rate of dividends for this firm we would to have to use the following formula:
A=P(1+r/100)^n
where
A=future value
P=present value
r=rate of interest
n=time period.
7=1*(1+r/100)^3
(7/1)^(1/3)=(1+r/100)
(1+r/100)=1.9005
r=(1.9005-1)*100
=90.05%(Approx).
The average annual growth rate of dividends for this firm is 90.05%
Ответ:
December 31, 2013, revenue from investment in Coca Cola FEMSA
Dr Investment in Coca Cola FEMSA 1,635,000
Cr Investment revenue 1,635,000
Explanation: