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paid dividend $0.50
increased $0.10 in 3-yr time
rate of return 10%
answer in 2 decimal placesthe growth i used is 7.72% but answer used was 7.7%
because of this 0.02% my answer was $23.62 instead of $23.41
in exam how many decimal i am actual can use in percentages because i encounter some use 2 decimal places in percentages. so do my answer consider correct?So it is common practice to round percentages to two decimal places. Therefore, if you used a growth rate of 7.72% and obtained an answer of $23.62, it would be considered correct if the expected answer is $23.41. The slight difference of 0.02% in the growth rate should not significantly affect the final answer.
The question will be set to accept a range of answers between say 23.35 – 23.75 for example.
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