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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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Answer:

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5 0
2 years ago
A construction company entered into a fixed-price contract to build an office building for $28 million. Construction costs incur
Radda [10]

Answer:

$3.2 million

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4 0
3 years ago
You need some money today and the only friend you have that has any is your miserly friend. He agrees to loan you the money you
Serggg [28]

Answer:

The correct option is (b)

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Checking PVIFA table for 2%, 6 periods, annuity factor is 5.6014.

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Borrowed amount is $168.042 or $168.22 approximately (difference in value due to annuity factor being rounded off)

                         

6 0
3 years ago
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MariettaO [177]

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All of the options

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Using the results of the prior analytical steps as a basis for crafting new strategic moves to improve the  company's overall performance.

5 0
2 years ago
How does money encourage specialization?
svlad2 [7]

Hi I think it might be the second option: <u>You can specialize in mechanics and still be able to feed your family without growing your own food.</u> I say this because the key word specialization used in the question and specialize.

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8 0
2 years ago
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