Anders Owns Stock in a Company Which Has Consistently Paid

question 2

Multiple Choice

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

• A)8%
• B)4%
• C)2%
• D)1%

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Definitions:

Annual General Meeting

A mandatory yearly gathering of a company's interested shareholders to discuss company affairs.

Nominees

Individuals appointed or proposed to act on behalf of others in specific roles or to fulfill certain duties.

Cumulative Voting

A voting system used in elections of directors of some companies, allowing shareholders to allocate their votes in any manner they choose among the candidates.

Shares Voting

The process by which shareholders vote on company decisions and board member elections based on the number of shares they hold.