Charlene owns stock in a company which has consistently paid a growing dividend over the last five years. The first year Charlene owned the stock, she received $1.71 per share and in the fifth year, she received $2.89 per share
What is the growth rate of the dividends over the last five years? (Round to the nearest whole number)
A) 7 percent
B) 14 percent
C) 12 percent
D) 5 percent
E) 11 percent
B
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