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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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