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Step 1. The most recent dividend, d4, is 50cents
Step 2 The historic dividend, do, is 28cents
Step 3 applying the formula 28 x (1+g)1/4 =50cents or rearranging
1+g=(50/28)1/4 = (1.7857)1/4 = 1.15598
g=15.6%
Company Paid now% , whereas four year ago%, so if Four year back it was2.8 on a share of and now it5.0, which makes it2.2 as growth.
So as per static growth5-2.8 =2.2/2.8/4 =. % per Year.
On Cumulative or Cyclic growth in First three years it is% and in last year%.
i'd like to join even if i'm wrong and waiting for correct answer but i think it should be 50 cent / 28 cent / 4 years = 44.6% average growth /year , as i get from question and i quot "dividend of 50 cent" for each share not 50 per cent for each year , ^_^ thanks for the great question Frank