What is the approximate compound annual growth rate (CAGR) of a stock whose value (with all dividends reinvested) doubles over a period of 9 years?

What is the approximate compound annual growth rate (CAGR) of a stock whose value (with all dividends reinvested) doubles over a period of 9 years?

What is the approximate compound annual growth rate (CAGR) of a stock whose value (with all dividends reinvested) doubles over a period of 9 years? 







A) 5.40%
B) 8.00%
C) 9.20%
D) 10.40%








Answer: B