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Niko Sato Co . stock price and dividend history are as follows: Year Beginning of year price Dividend paid at year end 2 0 1

Niko Sato Co. stock price and dividend history are as follows:
Year
Beginning of year price
Dividend paid at year end
2016
$105
$3
2017
$112
$4
2018
$100
$5
2019
$120
$6
An investor buys four shares of Niko Sato at the beginning of 2016, buys another three shares at the beginning of 2017, sells two shares at the beginning of 2018, and sells all five remaining shares at the beginning of 2019. What is the dollar-weighted average return for this investor?
Group of answer choices
9.52%
6.13%
9.13%
16.08%

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