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A stock has had the following year-end prices and dividends: Year Price Dividend 1 $ 43.35 - 2 48.33 $ .57 3 57.25 .60 4
| A stock has had the following year-end prices and dividends: |
| Year | Price | Dividend | |||||
| 1 | $ | 43.35 | - | ||||
| 2 | 48.33 | $ | .57 | ||||
| 3 | 57.25 | .60 | |||||
| 4 | 45.33 | .80 | |||||
| 5 | 52.25 | .85 | |||||
| 6 | 61.33 | .93 | |||||
| What are the arithmetic and geometric average returns for the stock? |
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Public Finance
Authors: Harvey S. Rosen
5th Edition
025617329X, 978-0256173291
