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begin{tabular}{ccc} Year & First Day & Last Day hline 2017 & $124.96 & $191.96 2016 & 109.00 & 123.80 2015 & 49.15
\begin{tabular}{ccc} Year & First Day & Last Day \\ \hline 2017 & $124.96 & $191.96 \\ 2016 & 109.00 & 123.80 \\ 2015 & 49.15 & 114.38 \\ 2014 & 52.40 & 48.80 \end{tabular} To calculate the rate of return, use the following formula: Rateofreturn=(BeginningvalueEndvalueBeginningvalue)100 Therefore, Rateofreturn2017=($124.96$191.96$124.96)100=54%Rateofreturn2016=($109.00$123.80$109.00)100=14%Rateofreturn2015=($49.15$114.38$49.15)100=133%Rateofreturn2014=($52.40$48.80$52.40)100=7% To calculate the average of the returns, simply add the returns and divide by 4 . Therefore, 4. Below are the prices on the first and last day of the year for Netflix common stock for several recent years. Netflix paid no dividenas over this. calculate the return that an investor woula have earned in each calendar year. What is the average of these annual returns? Next calculate the average annual growth rate in Netflix stock from the first day of 2014 to the last day of 2017 compare these two answers
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