A4 8c ABC Co. has the following dividend payment history for the last five years, with the most recent dividend being $1.10: $0.50, $0.60, $0.80, $1.00, $1.10. Historical growth rate estimation c....

A4 8c

ABC Co. has the following dividend payment history for the last five years, with the
most recent
dividend being $1.10: $0.50, $0.60, $0.80, $1.00, $1.10.

Historical growth rate estimation

c. What is the average year-to-year dividend growth rate?