Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A stock has had the following year-end prices and dividends: Year Price Dividend 1 $ 64.33 2 71.20 $ 0.60 3 77.00 0.65 4 63.27
A stock has had the following year-end prices and dividends: |
Year | Price | Dividend | ||
1 | $ 64.33 | |||
2 | 71.20 | $ 0.60 | ||
3 | 77.00 | 0.65 | ||
4 | 63.27 | 0.71 | ||
5 | 73.11 | 0.80 | ||
6 | 79.75 | 0.87 | ||
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 | % |
Geometric average return | % |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started