Find both the arithmetic growth rate and the geometric growth rate of the dividends for Jumping Jack Companies. Assuming the January 1, 2011 price of the stock is $30.00, determine the current required rate of return for the company (use the geometric growth rate to calculate the required return.)

\begin{tabular}{|l|c|c|c|c|c|c|c|c|c|c|} \hline Year & 2001 & 2002 & 2003 & 2004 & 2005 & 2006 & 2007 & 2008 & 2009 & 2010 \\ \hline Dividend & $0.48 & $0.51 & $0.61 & $0.74 & $0.86 & $0.96 & $1.15 & $1.24 & $1.44 & $1.59 \\ \hline \end{tabular}