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XYZ's stock price and dividend history are as follows: Year Beginning-of-Year Price Dividend Paid at Year-End 2019 $ 135 2020 165 2021 2022 115 135
XYZ's stock price and dividend history are as follows: Year Beginning-of-Year Price Dividend Paid at Year-End 2019 $ 135 2020 165 2021 2022 115 135 An investor buys three shares of XYZ at the beginning of 2019, buys another two shares the beginning of 2021, and sells all four remaining shares at the beginning of 2022. $4 4 4 4 Required: a. What are the arithmetic and geometric average time-weighted rates of return for th return and final answers to 2 decimal places. Do not round other calculations.) Arithmetic average rate of return Geometric average rate of return % %
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