- Calculate return for each period: - We then determine the one-year return by compounding

Calculate return for each period: Date Nov 01 04 Nov 15 04 Feb 15 05 May 16 05 Aug 15 05 Oct 31 05 Price 28.08 27.39 25.93 25.49 27.13 25.70 Dividend 3.08 0.08 0.08 0.08 Return 8.51% -5.04% -1.39% 6.75% -5.27% We then determine the one-year return by compounding.