Dividend Growth Rate Is Important to Many Investors

Multiple Choice

Dividend growth rate is important to many investors.You are considering investing in a firm after looking at the firm's dividends over a six-year period.At the end of the year 2010,the firm paid a dividend of $0.98.At year-end 2016,it paid a dividend of $1.64.What was the average annual growth rate of dividends for this firm?

A) 8.25%
B) 9.86%
C) 8.96%
D) There is not enough information to answer this question.