3. Left panel shows dividends that Cathay Pacific paid during the period between 2010 and 2019; right panel shows the share prices at the year-ends (all numbers and in HKD; source: finance.yahoo.com). 1 Date Dividend Sep 04, 2019 0.16 Apr 02, 2019 0.17 Sep 05, 2018 0.09 Year Price Apr 03, 2018 0.01 2019 11.52 Sep 07, 2016 0.04 2018 11.14 Apr 06, 2016 0.24 2017 12.12 Sep 09, 2015 0.23 2016 10.20 Apr 08, 2015 0.23 2015 13.42 Sep 03, 2014 0.09 2014 16.90 Apr 02, 2014 0.14 2013 16.40 Sep 04, 2013 0.05 2012 14.22 Apr 02, 2013 0.07 2011 13.32 Apr 02, 2012 0.30 2010 21.35 Sep 07, 2011 0.16 2009 14.48 May 11, 2011 0.68 Sep 02, 2010 0.29 May 05, 2010 0.09 (a) For years 2010 to 2019, compute annual returns. To compute annual dividends, simply sum all dividends earned during a particular year. (b) Compute average arithmetic and geometric returns. (c) Compute standard deviation of returns. (d) Suppose that you plan to hold the stock for 5 years. What is annual return you expect to earn during this period