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Year Price ($) Dividend ($) /////////////////////Shares 2015 40 /////////////////////////////////// 1.50///////////////////////////// bought 200 2016 43 ////////////////////////////////////2.00 ////////////////////////////bought 600 2017 52 //////////////////////////////////// 2.50 ////////////////////////////sold 700 2018 54

Year Price ($) Dividend ($) /////////////////////Shares

2015 40 /////////////////////////////////// 1.50///////////////////////////// bought 200

2016 43 ////////////////////////////////////2.00 ////////////////////////////bought 600

2017 52 //////////////////////////////////// 2.50 ////////////////////////////sold 700

2018 54 3.10 sold 100

Note that all purchases and sales take place at the beginning of the year; that is, the above prices are at the start of the year. On the other hand, all dividends are paid at the end of the year.

What is the dollar-weighted return?

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