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stock has had the following year-end prices and dividends: Year Price ($) Dividend ($) 1 93.27 - 2 91.08 1.22 3 95.38 1.29 4 95.28
- stock has had the following year-end prices and dividends:
Year | Price ($) | Dividend ($) |
1 | 93.27 | - |
2 | 91.08 | 1.22 |
3 | 95.38 | 1.29 |
4 | 95.28 | 1.34 |
5 | 96.87 | 1.53 |
6 | 97.72 | 1.65 |
What is the geometric average return for the stock? Answer as a percentage to two decimals (if you get -0.0435, you should answer -4.35).
Please explain how you got the correct answer.
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