The price of share A will change from January to July as follows: $100 (January price), $105 (February price, etc.), $109, 115, 114, 99 and 55. A dividend of two dollars will be paid in May. In July, the share will be split so that one share becomes two. Calculate the percentage return per share. Calculate the ongoing earnings per share. Calculate the average percentage return. Do the same for ongoing earnings. Finally, calculate the difference between the averages (the average of the percentage returns - the average of the ongoing earnings).

1.What is the difference between the averages ?

2.Calculate the volatility and variance of the percentage and ongoing earnings on the stock. When you add all four values together, what is the end result?