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XYZ stock price and dividend history are as follows: Year 2018 2019 2020 2021 Beginning-of-Year Dividend Paid at Price Year-End $ 110 $ 3 113

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XYZ stock price and dividend history are as follows: Year 2018 2019 2020 2021 Beginning-of-Year Dividend Paid at Price Year-End $ 110 $ 3 113 3 100 3 105 3 An investor buys four shares of XYZ at the beginning of 2018, buys another two shares at the beginning of 2019, sells one share at the beginning of 2020, and sells all five remaining shares at the beginning of 2021. Required: a. What are the arithmetic and geometric average time-weighted rates of return for the investor? (Do not round intermediate calculations. Round your answers to 2 decimal places.) % Arithmetic time-weighted average returns Geometric time-weighted average returns % b-1. Prepare a chart of cash flows for the four dates corresponding to the turns of the year for January 1, 2018, to January 1, 2021. (Negative amounts should be indicated by a minus sign.) a b-1. Prepare a chart of cash flows for the four dates corresponding to the turns of the year for January 1, 2018, to January 1, 2021. (Negative amounts should be indicated by a minus sign.) Cash Flow Date 01/01/2018 01/01/2019 01/01/2020 01/01/2021 b-2. What is the dollar-weighted rate of return? (Hint: If your calculator cannot calculate internal rate of return, you will have to use a spreadsheet or trial and error.) (Negative value should be indicated by a minus sign. Round your answer to 4 decimal places.) Rate of return %

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