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amid [387]
2 years ago
15

Annual dividends of ATTA Corp grew from $0.96 in 2005 to $1.76 in 2017. What was the annual growth rate

Business
1 answer:
lions [1.4K]2 years ago
4 0

Based on the dividends of ATTA Corp over the years, the annual growth rate was 5.18%.

<h3>What was the annual growth rate?</h3>

Using the present value equation:
Current dividend  = Original dividend x ( 1 + rate) ^ number of years

Solving gives:

1.76 = 0.96 x ( 1 + r)¹²

(1.76 / 0.96 )¹/¹² = 1 + r

1 + r = 1.0518

r = 5.18%

Find out more on growth rates at brainly.com/question/5045097.

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3 0
1 year ago
Which of the following is a correct statement?
Nastasia [14]

Answer:

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