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Consider the following realized annual returns: Year End Index Realized Return Stock A Realized Return 2006 23.6% 46.3% 2007 24.7% 26.7% 2008 30.5% 86.9% 2009

Consider the following realized annual returns:

Year End Index Realized Return Stock A Realized Return
2006 23.6% 46.3%
2007 24.7% 26.7%
2008 30.5% 86.9%
2009 9.0% 23.1%
2010 -2.0% 0.2%
2011 -17.3% -3.2%
2012 -24.3% -27.0%
2013 32.2% 27.9%
2014 4.4% -5.1%
2015 7.4% -11.3%

The geometric average annual return on the Index from 2006 to 2015 is closest to:

9.75%

8.35%

7.10%

8.75%

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