Calculate the geometric average return given the below annual year-end closing price for XRT Ltd shares. The annual total dividend paid is constant at $30 million per year, except that a special additional dividend of $200 million was paid out on December 31st 2017. Note that the number of outstanding shares is 25 million and has remained constant since listing.

Year	Year-ending close price
2015	$103.54
2016	$106.79
2017	$105.88
2018	$104.32
2019	$99.85

2. 
   

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Calculating Geometric Average Return for XRT Shares 1 Calculate Annual Returns Including Dividends F... View the full answer