In a stream of past dividends, the initial dividend is RM0.75 and the most recent dividend is RM1.25. The number of years between these two dividends (n) is 8 years. What is the average growth rate during this eight-year period? Use a calculator to determine your answer.

Select one:

a. 6.69%

b. 6.62%

c. 6.72%

d. 6.59%