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*Using the table below* 1) What is the average annual return of Apple Inc. stock over the period from December 31, 1980, to December 31,

*Using the table below*

1) What is the average annual return of Apple Inc. stock over the period from December 31, 1980, to December 31, 2021?

2) Imagine an investor bought $100 worth of Apple Inc. stocks on December 31, 1980. The investor used all dividends she received from Apple Inc. to buy more stocks in the company at the end of the year. For example, the dividends she received during 1990 she used to buy more Apple Inc. stocks on December 31, 1990. Assume that the investor was always able to buy fractional numbers of stocks. For example, on December 31, 1980, she used her $100 to buy 655.2221 stocks. What was the value of her Apple Inc. stocks on December 31, 2021?

Date Price
31.12.1980 0,15262
31.12.1981 0,09905
31.12.1982 0,13337
30.12.1983 0,10882
31.12.1984 0,13002
31.12.1985 0,09821
31.12.1986 0,1808
31.12.1987 0,375
30.12.1988 0,35938
29.12.1989 0,31473
31.12.1990 0,38393
31.12.1991 0,50335
31.12.1992 0,53348
31.12.1993 0,26116
30.12.1994 0,34821
29.12.1995 0,2846
31.12.1996 0,18638
31.12.1997 0,11719
31.12.1998 0,36551
31.12.1999 0,91797
29.12.2000 0,26563
31.12.2001 0,39107
31.12.2002 0,25589
31.12.2003 0,38161
31.12.2004 1,15
30.12.2005 2,5675
29.12.2006 3,03
31.12.2007 7,07429
31.12.2008 3,04821
31.12.2009 7,52614
31.12.2010 11,52
30.12.2011 14,46429
31.12.2012 19,00618
31.12.2013 20,03643
31.12.2014 27,595
31.12.2015 26,315
30.12.2016 28,955
29.12.2017 42,3075
31.12.2018 39,435
31.12.2019 73,4125
31.12.2020 132,69
31.12.2021 177,57

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