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On January 1 of Year 1, you bought 100 shares of Monster Corp. It is now January 1 of Year 3. You want to
On January 1 of Year 1, you bought 100 shares of Monster Corp. It is now January 1 of Year 3. You want to compute your compound average annual return on the investment. After digging through your records, you realize that Monster Corp. executed a 2-for-1 stock split late in Year 1. Use this information to adjust the price (and dividend) data in the table. What is the split- adjusted compound average return on the investment in Monster Corp. shares? Selected Financial Data Monster Corp. Price ($) Dividend Jan 1, Year 1 10 Jan 1, Year 2 6 0.28 Jan 1, Year 3 6.5 0.3 17.3% 16.3% 19.3% 18.3%
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