finance

Larry buys shares in Company ABC for $75. Company ABC pays a dividend of $1.00 per year.

At the end of the first year he owns it, the stock falls to $70.

The stock subsequently rises to $90 and Larry decides to sell his shares in Company ABC for $90 at the end of the second year since owning it.

What was the annualized rate of return on his investment using a time-weighted calculation?