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XYZ stock price and dividend history are as follows: Year Beginning - of - Year Price Dividend Paid at Year - End 2 0 1

XYZ stock price and dividend history are as follows:
Year Beginning-of-Year Price Dividend Paid at Year-End
2018 $ 134 $ 3
2019 $ 150 $ 3
2020 $ 125 $ 3
2021 $ 130 $ 3
An investor buys five 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 six remaining shares at the beginning of 2021.
a.
What are the arithmetic and geometric average time-weighted rates of return for the investor? (Do not round intermediate calculations. Enter your answer as a percentage rounded to two decimal places.) Hint: There will be 3 HPRs given the 4 dates.
Arithmetic average return
1.97
%
Geometric average return
1.21
%
b.
To compute dollar-weighted return, 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.(Enter your answer as an integer. Negative amounts should be indicated by a minus sign.)

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