A Firm Has Paid Annual Dividends of $1

question 38

Multiple Choice

A firm has paid annual dividends of $1.45, $1.53, $1.55, $1.60, $1.62, and $1.66 per share over the past 6 years, respectively. What is the geometric average growth rate for these dividends?

• A) 2.34 percent
• B) 2.41 percent
• C) 2.48 percent
• D) 2.57percent
• E) 2.74 percent

---

Definitions:

Endosperm

The nutrient-rich tissue inside seeds that provides nourishment to the developing plant embryo.

Embryo

An early stage of development in multicellular organisms after fertilization but before birth or hatching.

Seed

A plant's unit of reproduction, capable of developing into another such plant, containing an embryo along with a food supply encased in a protective outer covering.

Compound Fruits

Fruits that develop from multiple flowers (inflorescence) or from a single flower with multiple ovaries, forming a single mass.