Assume ABC stock price evolves as follows: Price at Beginning of Year Buy or Sell Shares Year 2015 Buy 500 shares $55 2016 Sell 200 shares $59 2017 Buy 100 shares $62 Dividend paid at Year End $1.75 $2.00 $2.50 2018 Sell 200 shares $54 $2.75 2019 Sell 200 shares $64 $2.75 Calculate the time-weighted return of: Arithmetic Average Answer as a percentage and round to the nearest basis point. (Example 4.25)