Data for the last 8 years of stock prices and dividends paid for Poggy, Inc. are...

 

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Data for the last 8 years of stock prices and dividends paid for Poggy, Inc. are listed below: Year 0 End of Year Stock Price Dividend $12.10 1 $14.68 $0.80 2 $9.57 $0.83 3 $12.00 $0.91 4 $12.46 $1.02 5 $18.32 $1.02 6 $21.10 $1.24 7 $19.54 $0.80 8 $22.18 $1.41 What is the average rate of return for Poggy, Inc. stock over the 8 year time period? Data for the last 8 years of stock prices and dividends paid for Poggy, Inc. are listed below: Year 0 End of Year Stock Price Dividend $12.10 1 $14.68 $0.80 2 $9.57 $0.83 3 $12.00 $0.91 4 $12.46 $1.02 5 $18.32 $1.02 6 $21.10 $1.24 7 $19.54 $0.80 8 $22.18 $1.41 What is the average rate of return for Poggy, Inc. stock over the 8 year time period?