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Over the past 5 years, a firm has paid annual dividends of $1.40, $1.55, $1.70, $1.73,...

Over the past 5 years, a firm has paid annual dividends of $1.40, $1.55, $1.70, $1.73, and $1.80 per share. What is the geometric average dividend growth rate for this period?

1. 6.48%

2. 6.03%

3. 6.79%

4. 5.35%

Work on the slide example 6 and select from the following options to see if you answer it correctly.

1. $35.77

2. $45.08

3. $48.21

4. $50.60

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