Jenny Reed Bought SSX Stock for $18 Per Share

Multiple Choice

Jenny Reed bought SSX stock for $18 per share. The annual dividend was $3.00 per share, and after 5 year(s) , SSX was selling for $44 per share. Find the simple interest rate of growth of her money to the nearest hundredth of a percent. Round your answer to two decimal places.

A) 4.56%
B) 28.89%
C) 18.64%
D) 45.56%
E) 85.56%