Over the past 4 years,a local firm has paid annual dividends of $1.52,$1.55,$1.60,and $1.68.What is the arithmetic average dividend growth rate?
A) 2.69 percent
B) 2.98 percent
C) 3.24 percent
D) 3.40 percent
E) 3.62 percent
Correct Answer:
Verified
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