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The prices and dividends for a stock at the end of each year is listed as below: Year Price Dividend 0 $ 59.47 1 70.12

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The prices and dividends for a stock at the end of each year is listed as below: Year Price Dividend 0 $ 59.47 1 70.12 $ 1.20 2 62.26 1.45 3 71.52 1.55 What was the average annual return for the stock in the past three years? [Hint: find the annual returns for year 1, year 2, and year 3 first.] 9.38% O 15.38% O 11.73% 8.54% O 15.48%

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