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Suppose you are given the following end of year price and dividend information for Frankit Co. Calculate the arithmetic average return. (Enter percentages as decimals

Suppose you are given the following end of year price and dividend information for Frankit Co. Calculate the arithmetic average return. (Enter percentages as decimals and round to 4 decimals) Year Price Dividend 2008 48.59 2009 45.68 1.96 2010 51.44 2.16 2011 50.64 2.28 2012 57.87 2.44 2013 67.31 2.64 2014 83.05 2.80 2015 103.69 3.00

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