Alexis Owns Stock in a Company Which Has Consistently Paid

Multiple Choice

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

A) 15 percent
B) 14.8 percent
C) 12.2 percent
D) 9.3 percent