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A stock had the following year-end prices and dividends: Year Price Dividend 0 $ 59.23 1 69.60 $ 1.18 2 62.10 1.41 3 71.08 1.53

A stock had the following year-end prices and dividends:

Year Price Dividend
0 $ 59.23
1 69.60 $ 1.18
2 62.10 1.41
3 71.08 1.53

What was the arithmetic average return for the stock?

11.53%

8.43%

9.22%

15.06%

14.97%

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