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

Question

52 users unlocked this solution today!

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.