Blue Water Tours Has Paid Annual Dividends of $2

question 86

Multiple Choice

Blue Water Tours has paid annual dividends of $2.10,$2.12,$2.15,$2.15,and $2.22 over the past 5 years,respectively.What is the arithmetic average growth rate for these dividends?

• A) 1.08 percent
• B) 1.41 percent
• C) 1.57 percent
• D) 1.70 percent
• E) 1.73 percent

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Definitions:

Price-Support Program

Government policies designed to maintain the price of a commodity at a certain level through subsidies or purchase of the market surplus.

Price Supports

Government interventions to maintain the market price of a commodity at a certain level to protect producers from market fluctuations.

Price Floor

A government or regulatory-imposed minimum price for a commodity or service, intended to prevent the market price from falling below a certain level.

Price Ceiling

A government-imposed limit on how high a price can be charged for a product, service, or commodity, usually intended to protect consumers.