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

question 99

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%

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