Rowan, an investor, bought a large number of shares in Corporation Corp. in 2016. The share paid a dividend a year later in 2017, and then another in 2018. Immediately after that, Rowan sold all his shares in Corporation Corp. The table below contains the details on the share price and dividends over this period.

Years	2016	2017	2018
Share Price	25	28	33
Dividend	0	3	4

You also know that whenever Rowan received a dividend, he would immediately reinvest it in Corporation Corp shares. For the purposes of this question, you may ignore any brokerage, taxation, or other fees.

Calculate Rowan’s total shareholder return (TSR) for this 2-year period.

Round your answer to the nearest whole number.

Answer rating: 100% (QA)

Step 11 Rowans total shareholder return TSR for this 2ye... View the full answer