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Question 18 (1 point) A stock was trading at $117.95 at the end of year 1. It was trading at the end of year 2
Question 18 (1 point) A stock was trading at $117.95 at the end of year 1. It was trading at the end of year 2 at $111.25 immediately after giving a dividend of $3.70. At the end of year 3. it was trading at $121.45 immediately after giving a dividend of $3.90. Finally, it was trading at $131.55 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? 6.00% 6.15% 6.30% 6.46% 6.61%
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