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A stock has had the following year-end prices and dividends: Year Price Dividend 0 $20.43 --- 1 21.96 $0.62 2 22.91 0.64 3 22.4 0.76

A stock has had the following year-end prices and dividends:

Year Price Dividend

0 $20.43 ---

1 21.96 $0.62

2 22.91 0.64

3 22.4 0.76

4 21.2 0.97

What is the arithmetic average return for this stock (in percent). Answer to two decimals. Carry intermediate calculations to four decimals.

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