Ross Corporation paid dividends per share of $1.20 at the end of 1999. At the end of 2009 it paid dividends per share of $3.50. Calculate the compound annual growth rate in dividends.
A) 52.17%
B) 34.28%
C) 23%
D) 19.17%
E) 11.29%

Name: Ross Corporation paid dividends per share of $1.20 at the end of 1999. At the end of 2009 it paid dividends per share of $3.50. Calculate the compound annual growth rate in dividends. A) 52.17% B) 34.28% C) 23% D) 19.17% E) 11.29%
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Quizplus · Accepted Answer

g = (3.50/1.20)¹/¹? - 1 = 11.29%

Ross Corporation Paid Dividends Per Share of $1