Jessica purchased 100 shares of XYZ for $50 a share, on January 1st of 2021 XYZ costs per share $48.00 and Jessica purchases 200 more shares of XYZ at that price. On January 1st of 2020 Jessica sells all shares of XYZ for $53 per share. Each year XYZ pays dividends of 3.00 per share, Compute two-year time weighted rate of return.

a. 5.95%

b.. 12.12%

c. 9.10%

d. 6.35%

An investor realized the following returns in the last 4 years: 10%, 12%, -3%,-5%. Arithmetic rate of return over the 4-year period is:

a. 2.45%

b. 1.84%

c. 2.25%

d. 2.18%