Below are the real stock prices for BRK-A from 1965 through 2011: a. Calculate the return relatives for each year starting from 1966. b. Calculate the arithmetic and geometric means for these price relatives. c. Calculate the cumulative wealth index for 1966-2011, assuming an initial investment of $1,000 and $10,000. d. Determine the compound annual average rate of return for BRK-A for the last 10 years and the last 5 years in the table below. e. What was the percentage rate of return on this stock in 2008? f. Find the real return on the stock in 2008 if the US inflation rate for that year was 3.84%. Year-End Price Year-End Price Year-End Price 1997 1998 1 - 1999 46,000.00 70,000.00 56,100.00 71,000.00 75,600.00 2000 2001 2002 72,750.00 2003 1965 $16.25 1981 $560.00 1966 $17.50 1982 $775.00 1967 $20.25 1983 $1,310.00 1968 $37.00 1984 $1,275.00 1969 $42.00 1985 $2,470.00 1970 $39.00 1986 $2,820.00 1971 $70.00 1987 2,950.00 1972 $80.00 1988 4,700.00 1973 $71.00 1989 8,675.00 1974 $40.00 1990 6,675.00 1975 $38.00 1991 9,050.00 1976 $94.00 1992 11,750.00 1977 $138.00 1993 16,325.00 1978 $157.00 1994 20,400.00 1979 $320.00 32,100.00 1980 $425.00 Th 1996 2004 2005 2006 84,250.00 87,900.00 88,620.00 109,990.00 141,600.00 2007 2008 96,600.00 2009 99,200.00 2010 120,450.00 1995 2011 114,755.00 34,100.00 Below are the real stock prices for BRK-A from 1965 through 2011: a. Calculate the return relatives for each year starting from 1966. b. Calculate the arithmetic and geometric means for these price relatives. c. Calculate the cumulative wealth index for 1966-2011, assuming an initial investment of $1,000 and $10,000. d. Determine the compound annual average rate of return for BRK-A for the last 10 years and the last 5 years in the table below. e. What was the percentage rate of return on this stock in 2008? f. Find the real return on the stock in 2008 if the US inflation rate for that year was 3.84%. Year-End Price Year-End Price Year-End Price 1997 1998 1 - 1999 46,000.00 70,000.00 56,100.00 71,000.00 75,600.00 2000 2001 2002 72,750.00 2003 1965 $16.25 1981 $560.00 1966 $17.50 1982 $775.00 1967 $20.25 1983 $1,310.00 1968 $37.00 1984 $1,275.00 1969 $42.00 1985 $2,470.00 1970 $39.00 1986 $2,820.00 1971 $70.00 1987 2,950.00 1972 $80.00 1988 4,700.00 1973 $71.00 1989 8,675.00 1974 $40.00 1990 6,675.00 1975 $38.00 1991 9,050.00 1976 $94.00 1992 11,750.00 1977 $138.00 1993 16,325.00 1978 $157.00 1994 20,400.00 1979 $320.00 32,100.00 1980 $425.00 Th 1996 2004 2005 2006 84,250.00 87,900.00 88,620.00 109,990.00 141,600.00 2007 2008 96,600.00 2009 99,200.00 2010 120,450.00 1995 2011 114,755.00 34,100.00