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Carly owns stock in a company that consistently paid a growing dividend over the last five years. The first year Carly owned the stock, she
Carly owns stock in a company that consistently paid a growing dividend over the last five years. The first year Carly 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 dividends during this time?
7%
14%
12%
5%
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