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Company X had stock prices and dividends as of the dates shown in the following table: Year End Stock Price Dividend December 31, 2014 31.50
Company X had stock prices and dividends as of the dates shown in the following table:
Year End | Stock Price | Dividend |
December 31, 2014 | 31.50 |
|
December 31, 2015 | 29.87 | 0.50 |
December 31, 2016 | 32.33 | 0.52 |
December 31, 2017 | 34.59 | 0.53 |
Compute (a) the arithmetic average return and (b) the compound annual return (CAGR).
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