Happenings Limited's annual dividends are shown in the following table:

Find both the arithmetic growth rate and the geometric growth rate of the dividends for

Happenings Limited. Assuming the January $1,2023$ price of the stock is $$33\mathrm{.}00,$ determine the current required rate of return for the company $($use the geometric growth

rate to calculate the required return.$)$

What is the arithmetic growth rate of the dividends for Happenings Limited?

$\%($Round to two decimal places.$)$

Data table

$($Click on the following icon in order to copy its contents into a spreadsheet.$)$