IGM Realty had stock prices of $33, $33, $38, $36, and $28 at the end of the last five quarters respectively. If IGM pays a dividend of $0.9 at the end of each quarter, what is the annual realized return on IGM? (Please show full working).

Quarter	Price	Dividend
0	$33	$0.9
1	$33	$0.9
2	$38	$0.9
3	$36	$0.9
4	$28	$0.9

Select one:

a. -0.50%

b. -15.15%

c. -2.01%

d. -5.60%

IGM Realty had stock prices of $33, $33, $38, $36, and $28 at the end of the last five quarters respectively. If IGM pays a dividend of $0.9 at the end of each quarter, what is the annual realized return on IGM? Quarter Price Dividend $33 $0.9 $33 $0.9 $38 $0.9 0 1 2 3 $36 $0.9 4 $28 $0.9