21) (7 points) XYZ stock price and dividend history are below. An investor buys three shares of XYZ at the beginning of 2016, buys another two shares at the beginning of 2017, sells one share at the beginning of 2018 and sells all four remaining shares at the beginning of 2019. What are the arithmetic and geometric average returns for the investor? Is the money-weighted return greater or less than 8%? Year 2016 2017 2018 2019 Price per share at the beginning the year $95 $115 $105 $120 Dividend per share at the ending of the year $5 $5 $5