Do not answer using a percent sign, a dollar sign or with a number containing commas. For the questions involving rates, you can answer as a percent (for example 10) or as a decimal (for example 0.1).

1.1

Suppose you purchased 100 shares of stock for $40 on January 1, 2003 and sold the share of stock for $100 on December 31, 2012. If the stock paid no dividends what is your holding period return?

1.2

Suppose you purchased 100 shares of stock for $40 on January 1, 2003 and sold the share of stock for $100 on December 31, 2012. If the stock paid no dividends what your average yearly growth rate?

1.3

Assume you purchased a share of stock for $80 on January 1, 2008 and sold the share of stock for $30 on December 31, 2012. If the stock paid no dividends what is your holding period return?