For the CloudB&B Company Inc.,a stream of past dividends includes an initial dividend is $1.20 and the most recent dividend of $1.80.The number of years between these two dividends (n) is 8 years.What is the average annual growth rate of dividends during this eight-year period? Use a calculator to determine your answer.
A) 5.00%
B) 5.20%
C) 7.50%
D) 6.72%
Correct Answer:
Verified
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