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Question 9 (1 point) A stock was trading at $115.75 at the end of year 1. It was trading at the end of year 2
Question 9 (1 point) A stock was trading at $115.75 at the end of year 1. It was trading at the end of year 2 at $109.05 immediately after giving a dividend of $3.30. At the end of year 3. it was trading at $119.25 immediately after giving a dividend of $3.50. Finally, it was trading at $129.35 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? 5.58% 5.73% 5.88% 6.03% 6.18%
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