Young Sook Owns Stock in a Company Which Has Consistently

Multiple Choice

Young Sook owns stock in a company which has consistently paid a growing dividend over the last10 years. The first year Young Sook owned the stock, she received $4.50 per share and in the 10thyear, she received $4.92 per share. What is the growth rate of the dividends over the last 10 years?

A) 4 percent
B) 1 percent
C) 5 percent
D) 2 percent