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Suppose you purchased Microsoft stock (MSFT) on 01/01/2020 and sold on 01/01/2021. The quarterly stock prices and dividends are shown as below. Date Stock Price

Suppose you purchased Microsoft stock (MSFT) on 01/01/2020 and sold on 01/01/2021. The quarterly stock prices and dividends are shown as below.

Date Stock Price Dividend 1/1/2020 $167.35 4/1/2020 $176.66 $0.62 7/1/2020 $202.66 $0.62 10/1/2020 $200.63 $0.62 1/1/2021 $230.45 $0.62

How much was the "Annual Realized Return (using compounding)"? Enter your answer in the following format: 0.1234 Hint: Compute four quarterly returns (R), first two are 0.0593 and 0.1507.

Answer is between 0.3587 and 0.4375

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