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Given the following dividend pattern for the next 7 years, Year 1 3.00 Year 2 3.30 Year 3 3.70 Year 4 4.05 Year 5 4.10

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Given the following dividend pattern for the next 7 years, Year 1 3.00 Year 2 3.30 Year 3 3.70 Year 4 4.05 Year 5 4.10 Year 6 4.50 Year 7 7.00 What is the (annual) geometric rate of growth? 18.47% 15.17% 12.87% 16.35%

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