Answer the following.

a.

b.

Charlene owns stock in a company which has consistently paid a growing dividend over the last five years. The first year Charlene owned the stock, she received $1.71 per share and in the fifth year, she received $2.89 per share. What is the growth rate of the dividends over the last five years? (Round to the nearest whole number) O A. 11 percent O B. 14 percent O C. 7 percent O D. 5 percent O E. 12 percent