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Charlene owns shares in a company which has consistently paid a growing dividend over the last five years. Charlene received dividends of $1.71 per share
Charlene owns shares in a company which has consistently paid a growing dividend over the last five years. Charlene received dividends of $1.71 per share at the end of the first year of ownership, and $2.89 per share at the end of the fifth year of ownership. What is the growth rate of the dividends over the period (assuming dividends were paid at the end of each year)?
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