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Assume you buy some shares of ABC stock at the end of 2011 for $16.38 per share (you dont get the dividend in 2011): 2011

Assume you buy some shares of ABC stock at the end of 2011 for $16.38 per share (you dont get the dividend in 2011): 2011 2012 2013 2014 2015 Price 16.38 18.00 17.59 22.25 32.38 Dividends 0..09 0.13 0.15 0.17 0.20 For the dividends from 2011 to 2015, please calculate the:arithmetic average annual growth rate. PLEASE ENTER YOUR ANSWER AS A PERCENT, NOT A DECIMAL. FOR INSTANCE, ENTER 4.0 FOR 4.0%.

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