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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

  1. 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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