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Given the following dividend pattern for the next 7 years Year 1 5.05 Year 2 5.30 Year 3 5.70 Year 46.06 Year 5 6.70 Year

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Given the following dividend pattern for the next 7 years Year 1 5.05 Year 2 5.30 Year 3 5.70 Year 46.06 Year 5 6.70 Year 6 7.08 Year 78.26 What is the (annual) geometric rate of growth? 8.55% 7.28% 8.62% 10.34%

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