3. Jesse bought a stock for 520 per share that paid a quarterly dividend of 2 the first quarter, with each payment thereafter increasing by 1% over the previous payment. Jesse reinvested the dividends in an account that paid 6%, convertible quarterly. At the end of 5 years, Jesse sold the stock for a price that provides a yield of 5.677% effective annually to the investor, assuming that dividends continue to be paid in the same manner, indefinitely. Jesse's annual yield over the 5 year period was i. Calculate i. (A) 5.2% (B) 5.4% (C) 5.6% (D) 5.8% (E) 6.0% 3. Jesse bought a stock for 520 per share that paid a quarterly dividend of 2 the first quarter, with each payment thereafter increasing by 1% over the previous payment. Jesse reinvested the dividends in an account that paid 6%, convertible quarterly. At the end of 5 years, Jesse sold the stock for a price that provides a yield of 5.677% effective annually to the investor, assuming that dividends continue to be paid in the same manner, indefinitely. Jesse's annual yield over the 5 year period was i. Calculate i. (A) 5.2% (B) 5.4% (C) 5.6% (D) 5.8% (E) 6.0%