Question
*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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