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 $ 64.43 2 71.30 $ .62 3 77.10 .67 4 63.37
A stock has had the following year-end prices and dividends:
Year | Price | Dividend | ||||
1 | $ | 64.43 | ||||
2 | 71.30 | $ | .62 | |||
3 | 77.10 | .67 | ||||
4 | 63.37 | .73 | ||||
5 | 73.31 | .82 | ||||
6 | 80.75 | .89 | ||||
What are the arithmetic and geometric returns for the stock? (Do not round intermediate calculations and enter your answers as a percent 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