gmoney1973
gmoney1973
23.03.2021 • 
Business

Josh purchased 100 shares of XOM at the beginning of 2016. He received dividends per share of​ $1.37 (2016),​ $1.55 (2017),​ $1.66 (2018),​ $1.74 (2019),​ $1.85 (2020). At the end of​ 2020, just after receiving the last​ dividend, he sold the stock for​ $84.76. At what rate did the dividends grow from the end of 2016 to the end of​ 2020? Assume that all dividends were received at the end of the year.

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