Calculate the year-end price for AMD, computing the compound value of the beginning-of-year price of $5.69 per share for 12 months at the monthly geometric average rate of return calculated earlier:

End-of-Year Stock Price = Beginning-of-Year Stock Price

(1 + Geometric Average Monthly Rate of return)^12

Date closing Price Date Closing Price Mini-Case After graduating from college last spring with a major in ac- counting and finance, Jim Hale took a job as an analyst trainee for an investment company in Chicago. His first few weeks were filled with a series of rotations throughout the firm's vari- ous operating units, but this week he was assigned to one of the firm's traders as an analyst. On his first day Jim's boss called him in and told him that he wanted to do some rudimentary analysis of the investment returns of a semiconductor manu- facturer called Advanced Micro Devices, Inc. (Ticker: AMD). Specifically, Jim was given the following month-end clos- ing prices for the company spanning the November 1, 2011, through November 1, 2012: 1-Nov-11 1-Dec-11 3 Jn-12 1-Feb-12 1-Mar-12 2-Apr-12 1-May-12 5.69 5.4 671 7:35 8:02 7 36 6.08 DJn 12 2Jl-12 1-Aug-12 4-Sep-12 1-Oct-12 1-NOV-12 573 4.06 3:72 3 375 2:05 1988 He was then instructed by his boss to complete the follow- ing tasks using the AMD price data (note that AMD paid no dividend during 2008). Date closing Price Date Closing Price Mini-Case After graduating from college last spring with a major in ac- counting and finance, Jim Hale took a job as an analyst trainee for an investment company in Chicago. His first few weeks were filled with a series of rotations throughout the firm's vari- ous operating units, but this week he was assigned to one of the firm's traders as an analyst. On his first day Jim's boss called him in and told him that he wanted to do some rudimentary analysis of the investment returns of a semiconductor manu- facturer called Advanced Micro Devices, Inc. (Ticker: AMD). Specifically, Jim was given the following month-end clos- ing prices for the company spanning the November 1, 2011, through November 1, 2012: 1-Nov-11 1-Dec-11 3 Jn-12 1-Feb-12 1-Mar-12 2-Apr-12 1-May-12 5.69 5.4 671 7:35 8:02 7 36 6.08 DJn 12 2Jl-12 1-Aug-12 4-Sep-12 1-Oct-12 1-NOV-12 573 4.06 3:72 3 375 2:05 1988 He was then instructed by his boss to complete the follow- ing tasks using the AMD price data (note that AMD paid no dividend during 2008)