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A stock has had the following year-end prices and dividends: Year Price Dividend 1 $ 65.03 2 71.90 $ 0.74 3 77.70 0.79 4 63.97
A stock has had the following year-end prices and dividends: Year Price Dividend 1 $ 65.03 2 71.90 $ 0.74 3 77.70 0.79 4 63.97 0.85 5 74.51 0.94 6 86.75 1.01 Required: What are the arithmetic and geometric returns for the stock? (Do not round intermediate calculations. Enter your answers as a percentage rounded to 2 decimal places (e.g., 32.16).) Arithmetic average return 8.01 % Geometric average return 6.92 %.
What's in bold are my answers. I got Arithmetic Average return right but Geometric wrong.
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