A stock has had the following year-end prices and dividends: Year. Price Dividend 0 $21.53. --- 1

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A stock has had the following year-end prices and dividends:

Year. Price Dividend

0 $21.53. ---

1 20.97 $0.83

2. 22.91 0.4

3 21.53 0.75

4 23.01. 0.99

What is the arithmetic average return for this stock (in percent). Answer to two decimals. Carry intermediate calculations to four decimals.

Related Book For answer-question

Fundamentals of corporate finance

ISBN: 978-0073382395

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Posted Date: Jan 19, 2023 06:48 AM

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A stock has had the following year-end prices and dividends: Year. Price Dividend 0 $21.53. --- 1

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Answer Step 1 To calculate the arithmetic average retur... View the full answer

Fundamentals of corporate finance

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