Bhupatbhai XYZ stock price and dividend history are as follows:Dividend Paid atYear-End$2Year2018201920202021Beginning-of-Year Price$ 10411590105An investor buys three shares of XYZ at the beginning of 2018, buys another one shares at the beginning of 2019, sells one share atthe beginning of 2020, and sells all three remaining shares at the beginning of 2021.Required:a. What are the arithmetic and geometric average time-weighted rates of return for the investor? (Do not bound intermediatecalculations. Round your answers to 2 decimal places.)Arithmetic time-weighted average returnsGeometric time-weighted average returns222Date01/01/201801/01/201901/01/202001/01/2021b-1. Prepare a chart of cash flows for the four dates corresponding to the turns of the year for January 1, 2018, to January 1, 2021.(Negative amounts should be indicated by a minus sign.)Cash Flow%%

YearBeginning-of-Year PriceDividend paid at year end2018$104$22019$115$22020$90$22021$105$2

XYZ stock price and dividend history are as follows: Dividend Paid at Year-End $2 2 2 2 Year 2018 2019 2020 2021 Beginning-of- Year Price $ 104 115. 90 105 An investor buys three shares of XYZ at the beginning of 2018, buys another one shares at the beginning of 2019, sells one sh the beginning of 2020, and sells all three remaining shares at the beginning of 2021. Required: