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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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