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On 1 January 2013 an investor purchased 1,000 shares of Grace Kennedy Group. From 2013 through 2016, the stock turned in the following dividend and

On 1 January 2013 an investor purchased 1,000 shares of Grace Kennedy Group. From 2013 through 2016, the stock turned in the following dividend and share price performance.

2016

2015

2014

2013

2012

Shares outstanding

000)

994,887

992,837

993,669

Net dividend

Arnount ('000)

820,030

770,239

727,660

665,937

Closing Stock Price

40.29

27.08

20.34

16.67

  1. Calculate the annual return on the stock for 2013 through to 2016
  2. Determine the average annual return on the stock for the four year period
  3. Calculate the standard deviation of the annual returns

[4 marks ]

[2 marks ]

[8 marks ]

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