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From the data shown in the table here, (see below) that contains historical monthly prices and dividends (paid at the end of the month) for
From the data shown in the table here, (see below) that contains historical monthly prices and dividends (paid at the end of the month) for Ford Motor Company stock (Ticker: F) from August 1994 to August 1998. Calculate the realized return over this period, expressing your answer in percent per month (i.e., what monthly return would have led to the same cumulative performance as an investment in Ford stock over this period).
The total return is ___ %. (Round to two decimal places.)
| Date | Stock Price | Dividend | Return | 1+Rt |
| Aug-94 | $29.250 | $0.000 | ||
| Sep-94 | $27.750 | $0.000 | -5.13% | 0.949 |
| Oct-94 | $29.500 | $0.260 | 7.24% | 1.072 |
| Nov-94 | $27.125 | $0.000 | -8.05% | 0.919 |
| Dec-94 | $27.875 | $0.000 | 2.76% | 1.028 |
| Jan-95 | $25.250 | $0.260 | -8.48% | 0.915 |
| Feb-95 | $26.125 | $0.000 | 3.47% | 1.035 |
| Mar-95 | $26.875 | $0.000 | 2.87% | 1.029 |
| Apr-95 | $27.125 | $0.310 | 2.08% | 1.021 |
| May-95 | $29.250 | $0.000 | 7.83% | 1.078 |
| Jun-95 | $29.750 | $0.000 | 1.71% | 1.017 |
| Jul-95 | $29.000 | $0.310 | -1.48% | 0.985 |
| Aug-95 | $30.750 | $0.000 | 6.03% | 1.06 |
| Sep-95 | $31.125 | $0.000 | 1.22% | 1.012 |
| Oct-95 | $28.750 | $0.350 | -6.51% | 0.935 |
| Nov-95 | $28.250 | $0.000 | -1.74% | 0.983 |
| Dec-95 | $28.875 | $0.000 | 2.21% | 1.022 |
| Jan-96 | $29.500 | $0.350 | 3.38% | 1.034 |
| Feb-96 | $31.250 | $0.000 | 5.93% | 1.059 |
| Mar-96 | $34.375 | $0.000 | 10.00% | 1.1 |
| Apr-96 | $35.875 | $0.350 | 5.38% | 1.054 |
| May-96 | $36.500 | $0.000 | 1.74% | 1.017 |
| Jun-96 | $32.375 | $0.000 | -11.30% | 0.887 |
| Jul-96 | $32.375 | $0.385 | 1.19% | 1.012 |
| Aug-96 | $33.500 | $0.000 | 3.47% | 1.035 |
| Sep-96 | $31.250 | $0.000 | -6.72% | 0.933 |
| Oct-96 | $31.250 | $0.385 | 1.23% | 1.012 |
| Nov-96 | $32.750 | $0.000 | 4.80% | 1.048 |
| Dec-96 | $32.250 | $0.000 | -1.53% | 0.985 |
| Jan-97 | $32.125 | $0.385 | 0.81% | 1.008 |
| Feb-97 | $32.875 | $0.000 | 2.33% | 1.023 |
| Mar-97 | $31.375 | $0.000 | -4.56% | 0.954 |
| Apr-97 | $34.750 | $0.420 | 12.10% | 1.121 |
| May-97 | $37.500 | $0.000 | 7.91% | 1.079 |
| Jun-97 | $38.000 | $0.000 | 1.33% | 1.013 |
| Jul-97 | $40.875 | $0.420 | 8.67% | 1.087 |
| Aug-97 | $43.000 | $0.000 | 5.20% | 1.052 |
| Sep-97 | $45.125 | $0.000 | 4.94% | 1.049 |
| Oct-97 | $43.688 | $0.420 | -2.25% | 0.977 |
| Nov-97 | $43.000 | $0.000 | -1.57% | 0.984 |
| Dec-97 | $48.563 | $0.000 | 12.94% | 1.129 |
| Jan-98 | $51.000 | $0.420 | 5.88% | 1.059 |
| Feb-98 | $56.563 | $0.000 | 10.91% | 1.109 |
| Mar-98 | $64.813 | $0.000 | 14.59% | 1.146 |
| Apr-98 | $45.813 | $23.680 | 7.22% | 1.072 |
| May-98 | $51.875 | $0.000 | 13.23% | 1.132 |
| Jun-98 | $59.000 | $0.000 | 13.73% | 1.137 |
| Jul-98 | $57.000 | $0.420 | -2.68% | 0.973 |
| Aug-98 | $44.625 | $0.000 | -21.71% | 0.783 |
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