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3. [14 Points] A stock has had the following year-end prices and dividends: Year Price Dividend 1 $85.18 2 $92.35 $0.55 3 $90.49 $0.75 4
3. [14 Points] A stock has had the following year-end prices and dividends: Year Price Dividend 1 $85.18 2 $92.35 $0.55 3 $90.49 $0.75 4 $100.05 $0.90 1) What were percentage rate of returns for Year 2, Year 3, and Year 4? 2) What is the arithmetic average return for the stock over Year 2 to Year 4? 3) What is the geometric average return for the stock over Year 2 to Year 4
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