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5 . The table below gives the price of a stock at the end of each of the last ten years ( assume no dividends

5. The table below gives the price of a stock at the end of each of the last ten years (assume no dividends).(4 points)
a. What is the arithmetic average annual return on the stock?
b. What is the geometric average annual return on the stock?
c. What is the annual HPR on the stock?
d. What is your best estimate of the stock return for the year 2009?
1999200020012002200320042005200620072008
$100 $70 $70 $90 $100 $125 $130 $150 $130 $90

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