Ashely owns stock in a company which has consistently paid a growing dividend over the last five
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Question:
Ashely owns stock in a company which has consistently paid a growing dividend over the last five years. The first year Ashley 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?
a. 7 percent
b. 5 percent
c. 14 percent
d. 12 percent
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