Charlene Owns Stock in a Company Which Has Consistently Paid

Multiple Choice

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