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A stock was trading at $21.70 at the end of year 1. It was trading at the end of year 2 at $22.03 immediately after

A stock was trading at $21.70 at the end of year 1. It was trading at the end of year 2 at $22.03 immediately after giving a dividend of $0.29. At the end of year 3. it was trading at $21.39 immediately after giving a dividend of $0.31. Finally, it was trading at $23.21 at the end of year 4 without giving out any dividend. What was the geometric average annual return of this stock for the three years between years 1 and 4?

Question 19 options:

3.21%

3.29%

3.37%

3.45%

3.53%

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