Annual dividends of Walmart Stores (WMT) grew from $0.23 in 2000 to $0.83 in 2007. What was the annual growth rate?

Question

Quizplus · Accepted Answer

The annual growth rate can be calculated using the formula:(Ending value / Beginning value)^(1 / Number of years) - 1In this case, the ending value is $0.83, the beginning value is $0.23, and the number of years is 7.Plugging these values into the formula, we get:($0.83 / $0.23)^(1 / 7) - 1 = 0.2012 or 20.12%Therefore, the annual growth rate is 20.12%.

Annual Dividends of Walmart Stores (WMT) Grew from $0