Question: Problem 5.1. Calculate the return on stock X from December 31, 2021 to December 31, 2022. (Please show all workings) . Assume all dividends are

Problem 5.1. Calculate the return on stock X from December 31, 2021 to December 31, 2022. (Please show all workings). Assume all dividends are reinvested in the stock. Dividends and ex-dividend prices (prices after dividend payments) are as follows:

Date (1): Dec 31, 2021; Price (1): 42; Dividend (1): 0

Date (2): Mar 31, 2022; Price (2): 44; Dividend (2): 1.2

Date (3): Jun 30, 2022; Price (3): 43; Dividend (3): 1.2

Date (4): Sep 30, 2022; Price (4): 46; Dividend (4): 1.2

Date (5): Dec 31, 2022; Price (5): 47; Dividend (5): 1.2

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