2 4 If a stock pays dividends at the end of each quarter, with realized returns of Ry, Ry, Rg, and R, each quarter, then the annual realized return is calculated as b OA Rp + R + R + RA R Mei annual OB. Rannual = (1 + R) (1 + R2) (1 + RX 1 +R) - 1 OC. Rannual = R + R2 + R2 + RA OD. R = (1 + R) (1 + R2X(1 + R3X 1 + R) Qu md me annual