You are looking at the historical dividends of Southern Company. You see that they paid annual dividends of $1.15, $1.26, $1.54, and $1.96 per share over the past 4 years, respectively. What was the geometric average growth rate for these dividends?
You might also be interested to know that the company's bonds earned 8.2% during this time.
(Your answer will be a % but just enter the number rounded to two decimal places and assuming the % sign. In other words, if you come up with an answer of 10.12%, just enter 10.12.)