Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A stock has had the following year-end prices and dividends: Year Price Dividend 1 $ 43.53 - 2 48.51 $ .84 3 57.43 .87 4
A stock has had the following year-end prices and dividends: |
Year | Price | Dividend | |||||
1 | $ | 43.53 | - | ||||
2 | 48.51 | $ | .84 | ||||
3 | 57.43 | .87 | |||||
4 | 45.51 | .95 | |||||
5 | 52.43 | 1.00 | |||||
6 | 61.51 | 1.08 | |||||
What are the arithmetic and geometric returns for the stock? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) |
Arithmetic return | % |
Geometric return | % |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started