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You bought 100 shares of Haslett Helicopters, Inc., in January 2016 for $67.26 per share (assume no commissions, so you spent a total of $6726).

You bought 100 shares of Haslett Helicopters, Inc., in January 2016 for $67.26 per share (assume no commissions, so you spent a total of $6726). The company pays dividends annually, and in 2016 it paid a dividend of 62 cents per share; in 2017 the dividend was 74 cents per share; it 2018 it suspended its dividend indefinitely (i.e., no dividend was paid in 2018 or 2019). You sold the stock in January 2019 at $52.78 (again assume no commissions). What was your ANNUAL return on the stock? Is your calculation based on Geometric or Arithmetic Mean?

-9.1%, Geometric

-7.0%, Geometric

+0.1%, Geometric

-21.5%, Geometric

-6.5%, Geometric

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