Nopat fund year-end dividends from 1999-2004 were $0.14, $0.15, $0.17, $0.17, $0.19, $0.22 respectively. what is the annual growth rate of dividends on Nopat fund over the period from 1999-2004? so my question is what is the definition of annual growth rate and what is the formula?

(.22/.14) ^ 1/5

cpk, i do not get it. Would you give me the formula?

Should that be: (.22/.14) ^ 1/5 - 1

yep

hiredguns1 Wrote: ------------------------------------------------------- > http://en.wikipedia.org/wiki/Compound_annual_growt > h_rate 3x. btw: i did not find this definition in the notes

Itâ€™s in CFA book Pg. 199, 5-15, g = (FVn/PV)^1/n - 1