In: Finance
Find the average annual growth rate of the dividends for each firm listed in the following table.
Dividend Payment per Year
Firm |
2006 |
2007 |
2008 |
2009 |
2010 |
2011 |
|
Loewen |
$1.001.00 |
$1.051.05 |
$1.101.10 |
$1.221.22 |
$1.251.25 |
$1.351.35 |
|
Morse |
$1.001.00 |
$0.950.95 |
$0.800.80 |
$1.201.20 |
$1.201.20 |
$1.451.45 |
|
Huddleston |
$1.251.25 |
$2.752.75 |
$3.703.70 |
$3.803.80 |
$4.004.00 |
$4.754.75 |
|
Meyer |
$2.252.25 |
$2.502.50 |
$2.002.00 |
$2.722.72 |
$2.802.80 |
$3.003.00 |
A) What is the average annual growth rate of the dividends paid by Loewen?
B) What is the average annual growth rate of the dividends paid by Morse?
C) What is the average annual growth rate of the dividends paid by Huddleston?
D) What is the average annual growth rate of the dividends paid by Meyer?
(Round to two decimal places.)