Calculating average dividend growth rate
Highway Express has paid annual dividends of $1.16, $1.19, $1.25, $1.12, and $0.95 over the past five years respectively. What is the average dividend growth rate?
A. -4.51 percent
B. -3.60 percent
C. 2.28 percent
D. 2.46 percent
E. -4.25 percent
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