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q 17 A stock was trading at $116.85 at the end of year 1. It was trading at the end of year 2 at $110.15
q 17 A stock was trading at $116.85 at the end of year 1. It was trading at the end of year 2 at $110.15 immediately after giving a dividend of $3.50. At the end of year 3. it was trading at $120.35 immediately after giving a dividend of $3.70. Finally, it was trading at $130.45 at the end of year 4 without giving out any dividend. What was the arithmetic average annual return of this stock for the three years between years 1 and 4?
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