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2. The 2015 quarterly prices for The Hershey Company and Packaging Corporation of America are listed below along with any dividend paid. Quarter 1 2

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2. The 2015 quarterly prices for The Hershey Company and Packaging Corporation of America are listed below along with any dividend paid. Quarter 1 2 3 4 Hershey Po P1 $106.18 $114.83 $114.83 $134.03 $134.03 $154.99 $154.99 $146.98 Dividend $0.72 $0.72 $0.77 $0.77 Packaging Corporation of America Quarter Pi Dividend 1 $81.87 $99.38 $0.79 2 $99.38 $95.23 $0.79 3 $95.23 $106.10 $0.79 4 $106.10 $111.99 $0.79 Below are the annual returns for The Hershey Company and Packaging Corporation of America for 2016 through 2019. Year 2016 2017 2018 2019 The Hershey Company -0.123 0.187 0.123 -0.030 Packaging Corporation of America -0.172 0.390 0.455 -0.287 b. Together with the 2015 returns you calculated in the previous question, what is the average annual return for Hershey over this period

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