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A stock has had the following year-end prices and dividends: Year Price Dividend 0 $43.47 - 1 $48.45 .75 2 $57.37 .78 3 $45.45 .90

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

Year Price Dividend

0 $43.47 -

1 $48.45 .75

2 $57.37 .78

3 $45.45 .90

4 $52.37 .95

5 $61.45 1.03

What are the arithmetic and geometric average returns for the stock?(%).

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