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3. In January 2016 an investor purchased 800 shares of Engulf % Devour, a rapidly growing high-tech conglomerate. From 2016 through 2020, the stock turned
3. In January 2016 an investor purchased 800 shares of Engulf % Devour, a rapidly growing high-tech conglomerate. From 2016 through 2020, the stock turned in the following dividend and share price performance. Year Share price Beginning of the year Dividends paid during year Share price End of the year 2016 $42.50* $0.82 $54 2017 $54 $1.28 $74.25 2018 $74.25 $1.64 $81 2019 $81 $1.91 $91.25 2020 $91.25 $2.30 $128.75 *investor purchased stock in 2016 at this price. On the basis of this information, find the annual holding period returns for 2016 through 2020
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