Question

Dennison Mfg. pays annual dividends. For the past six years, the firm has paid dividends of $1.10, $1.12, $1.25, $1.28, $1.30, and $1.40, respectively. What is the geometric average dividend growth rate for this time period?
A. 3.51 percent
B. 4.10 percent
C. 4.94 percent
D. 5.07 percent
E. 6.03 percent

Answer

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