Consider the information about XYZ Stock (end of year values) in the following table: (Show all work) {NOTE: [Arithmetic Mean = ], and [Geometric Mean =

}

	2016	2017	2018	2019	2020
1. Stock Price	$20.50	$24.00	$36.25	$43.00	$56.50
2. Dividends	$0.23	$0.23	$0.25	$0.27	$0.31
3. Percent Capital Gains	x
4. Dividend Yield	x
5. Total Annual Rate of Return	x

Copy and paste the table above in your answer area. You may choose to do you calculations in Excel and paste the final table in your answer area.

1. Calculate the annual capital gains (in percent) on the stock investment. (Place your answer in Row 3 above).
2. Calculate the dividend yield (in percent) on the stock investment. (Place your answer in Row 4 above).
3. Calculate the total annual return (in percent) on the stock investment. (Place your answer in Row 5 above).
4. For the year ended 2020:
   1. Calculate the arithmetic average annual return over the total holding period
   2. Calculate the geometric average annual return over the total holding period
   3. Calculate the standard deviation of total returns over the holding period