1)The price of GE shares is $90 at the beginning of 2020. The price goes down to $50 at the end of the first quarter. It goes up to $52 at the end of the second quarter and remains at $52 at the end of the third quarter. At the end of 2020, the price is $86. Assume that a dividend of 10 cents is paid at the end of each quarter. What is the total return of GE in 2020, if dividends are reinvested in GE?

a)-3.23%

b)-4.00%

c)-3.77%

d)-4.44%

2)What is the answer to the last question if dividends are not reinvested, but kept as cash?

a)-3.77%

b)-4.44%

c)-4.00%

d)-3.23%

Please answer both, as it is related to each other, I will give a thumbs up