When estimating the annual growth rate of a dividend stream, we can use a short-cut to determining the average growth rate by ________.
A) using just the first dividend in the stream and the time-value of money equation
B) using just the last dividend in the stream and the time-value of money equation
C) using the first and last dividend in the stream and the time-value of money equation
D) using the first and last dividend in the stream and the future value interest factor
ANSWER
Answer: C
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