Charlene Owns Stock in a Company Which Has Consistently Paid

question 54

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

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Definitions:

AC Voltages

Alternating Current voltages, which periodically reverse direction, commonly used in power supply systems and electrical appliances.

Diagnostic Checks

Procedures or tests carried out on a system or component to identify faults, ensure functionality, or verify performance parameters.

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Input/Output devices are hardware components used to input data or instructions into a computer system and output data from the system to the user or another device.