The Rug Barn has paid annual dividends of $1.30, $1.36, $1.40, $1.42, and $1.45 over the last 5 years, respectively. What is the geometric average dividend growth rate?

A. 2.39 percent
B. 2.77 percent
C. 2.11 percent
D. 2.55 percent
E. 1.98 percent


Answer: B

Business

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