Average dividend growth rate
M & P has paid annual dividends of $1.05, $1.20, $1.25, $1.15, and $0.95 over the past five years, respectively. What is the average dividend growth rate?
A. -1.74 percent
B. -3.60 percent
C. 2.28 percent
D. 2.47 percent
E. 4.39 percent
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