LewCo, a construction company, pays an annual dividend to the stock owners on the last day of each year. LewCo paid a dividend of $10 per share on December 31^st, 2019. LewCo increased the dividend by 6% per year since the company started in 1958. Today is January 1^st, 2020, and the stock price is $400 per share.

Assume an investor purchased $100,000 of LewCo stock on January 1^st, 2020, and liquidated it a year later on January 2^nd, 2021, after receiving the dividend payment.

1. What is the investors price return or capital gain? State your answer in dollars and cents.

2. What is the investors total return? State your answer in dollars and cents.

3. What will be the next major innovation in finance? Explain