After graduating from college last spring with a major in ac- Date Closing Price Date counting and finance, Jim Hale took a job as an analyst trainee for an investment company in Chicago. His first few weeks were filled with a series of rotations throughout the firm's vari- -Dec-11 ous operating units, but this week he was assigned to one of the 3-Jan-12 firm's traders as an analyst. On his first day, Jim's boss called1-Feb-12 7.35 4Sep-12 him in and told him that he wanted to do some rudimentary analysis of the investment returns of a semiconductor manu- facturer called Advanced Micro Devices, Inc. (AMD). Specifi- -pr-12 cally, Jim was given the following month-end closing prices 1-May-126.08 for the company spanning the period of November 1, 2011, through November 1, 2012: Closing Price 1-Jun-12 $5.73 4.06 3.72 3.37 1-Mar-12 8.02-Oct-12 2.05 7.36 1-Nov-12 1.88 $5.69 5.4 6.71 1-Nov-11 2-Jul-12 1-Aug-12 He was then instructed by his boss to complete the follow ing tasks using the AMD price data (note that AMD paid no dividend during the period being analyzed)