ACC 201 Chapter 1 Open-Ended Assignment Note: Please put your answers only in the section below the Bold Red sentence at the end of the Required section below. Mary Rentworth recently received a bonus at work and has decided to invest it in the stock of either Short Corporation or Tall Corporation. The following information is provided: The stock price as of 1/1/2021 was $50 for Short, and $40 for Tall. The stock price as of 12/31/2021 was $59 for Short and $42 for Tall. Dividends per share received at the end of the year were $3 for Short and $0 for Tall. Required: A. If one share of each stock is purchased on January 1, 2021, determine the value of each investment on December 31, 2021. B. If one share of each stock is purchased on January 1, 2021, determine the annual rates of return on the two stocks for the year 2021. C. Based only on your calculations above, in which stock would you recommend Mary invest? D. If Mary decided to not take your advice (in part C above), and instead bought 100 shares of both stocks on January 1, 2022 when the prices were still the same as the day before, calculate Mary's annual rate of return on her whole portfolio for 2022 if the price of Short on 12/31/2022 was $61, the price of Tall on 12/31/2022 was $64, Short paid a dividend on 12/31/2022 of $5, and Tall paid a dividend of $8 on 12/31/2022. Your answers to this open-ended assignment should be placed in the space below this line. A Price of stock 12/31/2021 Dividend received Total investment value at 12-31-2021 B Total value as of 12/31/2021 Total investment at 1/1/2021 C Total return for the year Annual rate of return D Total value as of 12/31/2022 Total investment at 1/1/2022 Total return for the year Annual rate of return for 2022 Short Tall Short Tall Short Tall Total