XYZ stock was bought for $24.58 on April 1, 2020. On June 30, 2020, the stock price rose to $25.00 and a dividend of $1.50 was paid. When the stock was sold for $x on September 30,2020 , the investment had earned a geometric average annual return of 3%. Cakulate the arithmetic average annual return. A. Below 3.25% B. Between 3.25% and 3.50% C. Between 3.50% and 3.75% D. Between 3.75% and 4% E. Above 4%