Here is the stock price and split data for HeavySteel corporation.

7.a. Calculate the split-adjusted returns for each year and its statistics (mean and standard deviation).
7.b. If you bought 100 shares of this stock in the beginning of 1990 and during the period of 10 years never sold or bought additional shares, how many shares would you have by the end of 2000?

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1 A B HEAVYSTEEL CORPORATION Closing stock Stock 2 price splits 3 31-Dec-90 11.24 4 31-Dec-91 11.98 5 31-Dec-92 10.23 6 31-Dec-93 11.02 2 for 1 7 31-Dec-94 12.56 8 31-Dec-95 13.45 9 31-Dec-96 15.36 1.5 for 1 10 31-Dec-97 16.01 11 31-Dec-98 17.23 12 31-Dec-99 15.23