The annual dividends for a stock over the past five years have been $1.40, $1.55, $1.60, $1.70, and $1.75, respectively. What is the geometric average dividend growth rate for this period?
A) 5.74%
B) 6.12%
C) 5.82%
D) 4.68%
E) 7.45%
Correct Answer:
Verified
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