Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:A stock has had the following year-end prices and dividends:
Year Price
1
$65.08
71.95
77.75
64.02
74.61
87.25
23456
Dividend
$.75
.80
.86
.95
1.02
What are the arithmetic and geometric returns for the stock? (Do not round
intermediate calculations and enter your answers as a percent rounded to 2
decimal places, e.g., 32.16.)
Arithmetic average return
Geometric average return
%
%
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