Question
A stock has had the following year-end prices and dividends: Year Price Dividend 0 $49.62 -- 1 $55.83 $2.23 2 $57.03 $2.35 3 $50.25 $2.45
A stock has had the following year-end prices and dividends:
| Year | Price | Dividend |
| 0 | $49.62 | -- |
| 1 | $55.83 | $2.23 |
| 2 | $57.03 | $2.35 |
| 3 | $50.25 | $2.45 |
| 4 | $53.82 | $2.50 |
Assume prices and dividends are at the start of the year. Over this four year period, what are the arithmetic and geometric average returns for the stock?
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Fundamentals Of Investments
Authors: Bradford Jordan, Thomas Miller
4th Edition
0073314978, 9780073314976
