An investor purchased 100 shares of stock in Coke exactly 15 years ago at a purchase price of $20.65 per share. Today, the investor sold the shares for $63.50. Over the 15-year holding period, the investor collected a total of $1,800 in dividends.

The investors annualized rate of return over the 15-year holding period is closest to:

A) 7.78%

B) 9.58%

C) 13.83%

D) 19.64%