A stock was trading at $22.45 at the end of year 1.It was trading at the end of year 2 at $22.78 immediately after giving a dividend of $0.34.At the end of year 3. it was trading at $22.14 immediately after giving a dividend of $0.36.Finally, it was trading at $23.96 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 24 options:

a)3.09%

b)3.17%

c)3.25%

d)3.33%

e)3.42%