Calculate the arithmetic, holding period and geometric return for the stock A from the

following year end prices and dividends. Which return would you prefer and why?

Year Price Dividend

1 $61.18 ---

2 64.83 $.72

3 72.18 .78

4 63.12 .86

5 69.27 .95

6 76.93 1.08

7 73.12 .96

8 79.27 1.95

9 66.93 1.18