Find both the arithmetic growth rate and the geometric growth rate of the dividends for Benny's Home Improvement Stores. (Click on the following icon - in order to copy its contents into a spreadsheet.) Year 2001 2002 2003 2004 2006 2005 2007 2008 2009 2010 Dividend $1.48 $2.26 $3.22 $4.44 $5.57 $6.65 $7.12 $8.09 $8.78 $6.75 What is the arithmetic growth rate of the dividends for Benny's Home Improvement Stores? % (Round to two decimal places.) What is the geometric growth rate of the dividends for Benny's Home Improvement Stores? D% (Round to two decimal places.)

Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter11: Liabilities: Bonds Payable
Section: Chapter Questions
Problem 3MAD
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Selected delimiter: Tab
Year
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
Dividend
1.48
2.26
3.22
4.44
5.57
6.65
7.12
8.09
8.78
6.75
Done
Transcribed Image Text:Please copy and paste data from text area below. Selected delimiter: Tab Year 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Dividend 1.48 2.26 3.22 4.44 5.57 6.65 7.12 8.09 8.78 6.75 Done
Find both the arithmetic growth rate and the geometric growth rate of the dividends for Benny's Home Improvement Stores.
(Click on the following icon - in order to copy its contents into a spreadsheet.)
Year
Dividend
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
$1.48
$2.26
$3.22
$4.44
$5.57
$6.65
$7.12
$8.09
$8.78
$6.75
What is the arithmetic growth rate of the dividends for Benny's Home Improvement Stores?
% (Round to two decimal places.)
What is the geometric growth rate of the dividends for Benny's Home Improvement Stores?
% (Round to two decimal places.)
Enter your answer in each of the answer boxes.
Transcribed Image Text:Find both the arithmetic growth rate and the geometric growth rate of the dividends for Benny's Home Improvement Stores. (Click on the following icon - in order to copy its contents into a spreadsheet.) Year Dividend 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 $1.48 $2.26 $3.22 $4.44 $5.57 $6.65 $7.12 $8.09 $8.78 $6.75 What is the arithmetic growth rate of the dividends for Benny's Home Improvement Stores? % (Round to two decimal places.) What is the geometric growth rate of the dividends for Benny's Home Improvement Stores? % (Round to two decimal places.) Enter your answer in each of the answer boxes.
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