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A stock was trading at $124.55 at the end of year 1.It was trading at the end of year 2 at $117.85 immediately after giving
A stock was trading at $124.55 at the end of year 1.It was trading at the end of year 2 at $117.85 immediately after giving a dividend of $4.90.At the end of year 3. it was trading at $128.05 immediately after giving a dividend of $5.10.Finally, it was trading at $138.15 at the end of year 4 without giving out any dividend.What was the arithmetic average annual return of this stock for the three years between years 1 and 4?
Question 14 options:
5.83%
5.99%
6.15%
6.31%
6.47%
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