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A stock had the following year-end prices and dividends: Year Price Dividend 0 $ 58.63 1 68.30 $ 1.13 2 61.70 1.31 3 69.98 1.48
A stock had the following year-end prices and dividends:
| Year | Price | Dividend | ||||
| 0 | $ | 58.63 | ||||
| 1 | 68.30 | $ | 1.13 | |||
| 2 | 61.70 | 1.31 | ||||
| 3 | 69.98 | 1.48 | ||||
What was the arithmetic average return for the stock?
Multiple Choice
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13.90%
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13.99%
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11.04%
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8.16%
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8.83%
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Public Finance
Authors: Harvey Rosen, Ted Gayer
8th Edition
0073511285, 9780073511283
