Exhibit 53
Use the Information Below for the Following Problem(S)

Multiple Choice

Exhibit 5.3
Use the Information Below for the Following Problem(S)
$$\begin{array} { c c } Y \text { ear } & \% \text { Price Change for CE Industries } \\\hline 2000 & 10.0 \% \\2001 & 12.0 \% \\2002 & 10.0 \% \\2003 & 11.0 \% \\2004 & 6.0 \%\end{array}$$
-Refer to Exhibit 5.3.Calculate the average annual rate of change for GB Industries for the 5 year period using the arithmetic mean.

A) 0.098%
B) 9.80%
C) 8.50%
D) 8.00%
E) 89.00%