A stock has had the following year-end prices and dividends: Year Price Dividend 1 $ 64.73 — 2 71.60 $ .68 3 77.40 .73 4 63.67 .79 5 73.91 .88 6 83.75 .95
A stock has had the following year-end prices and dividends: Year Price Dividend 1 $ 64.73 — 2 71.60 $ .68 3 77.40 .73 4 63.67 .79 5 73.91 .88 6 83.75 .95
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
A stock has had the following year-end prices and dividends: |
Year | Price | Dividend | ||
1 | $ 64.73 | — | ||
2 | 71.60 | $ .68 | ||
3 | 77.40 | .73 | ||
4 | 63.67 | .79 | ||
5 | 73.91 | .88 | ||
6 | 83.75 | .95 | ||
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.) |
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