1. JL stock was priced at $24.7, $24.15, $23.99, and $24.26 at the end of Years 1 to 4, respectively. The annual dividend is constant at $.20 a share. What is the geometric average return on this stock?

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter7: Valuation Of Stocks And Corporations
Section7.4: Valuing Common Stocks
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1. JL stock was priced at $24.7, $24.15, $23.99, and $24.26 at the end of Years 1 to 4, respectively. The annual dividend is constant at $.20 a share. What is the geometric average return on this stock?

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