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Calculate the return on stock X from December 31, 2017 to December 31, 2018. Assume all dividends are reinvested in the stock. Dividends and ex-dividend

Calculate the return on stock X from December 31, 2017 to December 31, 2018. Assume all dividends are reinvested in the stock. Dividends and ex-dividend prices

(prices after dividend payments) are as follows:

Date price dividend

Dec 31, 2017 100

Mar 31, 2018 102 1

Jun 30, 2018 98 1

Sep 30, 2018 104 1

Dec 31, 2018 103 1

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