Investments

Question 3 (7 Marks) Given the following financial data for PPG Electric stock: Dividend (S) Date December 31, 2019 Jan 20, 2020 Mar 26, 2020 Jul 3, 2020 Oct 16, 2020 December 31, 2020 Price ($) $29.5 $26.2 $18.4 $22.0 $17.2 $15.5 $0.80 $0.80 $0.80 $0.80 Suppose that Jerry purchased PPG Electric stock at the closing price on December 31, 2019 and sold it at the closing price on December 31, 2020. What is Jerry's realized annual return for the year 2020? Show all your calculations