You bought a stock for $113 four years ago. The stock pays an annual dividend of $3.50 per share. The current price of the stock is $78. If you sell today, what would your annual HPR be?

Recalculate your return using your financial calculator.

PT2.) You are considering buying a stock today for $94. You expect the stock to generate a 13 percent return in 5 years. What would the price be in 5 years if you are right? No dividends are paid.