You invest $100 in stock. The share price at the end of each year is recorded as
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You invest $100 in stock. The share price at the end of each year is recorded as follows. $106, $90, $95. A $4 dividend is paid each year. What is the arithmetic return and the geometric return of the stock?
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Financial reporting, financial statement analysis and valuation a strategic perspective
ISBN: 978-0324789416
7th Edition
Authors: James M Wahlen, Stephen P Baginskl, Mark T Bradshaw
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