Last week, Seward Company stock was selling at $66 a share when Ryan sold 300 shares of the stock short. Today Ryan bought 300 shares of the same stock at a price of $70.00 share to cover his position. Ignoring trading costs, what is the dollar return on Ryan's investment?

HM purchased 200 shares of FB for $19 per share in September 2012 and sold them 4 years later at $91 per share. At what annual rate did the value of his investment grow?

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

Year	% Price Change for GB Industries
2000	11.0%
2001	13.0%
2002	17.0%
2003	12.0%
2004	16.0%

Refer to Exhibit 2. Calculate the average annual rate of change for GB Industries for the 5 year period using the arithmetic mean.

Refer to Exhibit 2. Calculate the average annual rate of change for GB Industries for the 5 year period using the geometric mean.