Josh Purchased 100 Shares of XOM at the Beginning of 2011.He

Multiple Choice

Josh purchased 100 shares of XOM at the beginning of 2011.He received dividends per share of $1.37 (2011) , $1.55 (2012) , $1.66 (2013) , $1.74 (2014) , $1.85 (2015) .At the end of 2015, just after receiving the last dividend, he sold the stock for $84.76.At what rate did the dividends grow from the end of 2011 to the end of 2015? Assume that all dividends were received at the end of the year.

A) 7.8%
B) 6.2%
C) 13.1%
D) 35%