You purchased 200 shares of XYZ common stock for $134 a share three years ago. The stock pays dividends of $4.50 a share at the end of every year. Dividends are reinvested. If you sell the stock in 3 years for $140, what will be your 6-year effective annual return? Round to two decimal places.

Select one:

a.

3.69%

b.

4.03%

c.

5.21%

d.

4.78%