Three years ago, Sparky Simpson purchased 200 shares of Andrinap, Inc., for $80.00 per share. The company

Question:

Three years ago, Sparky Simpson purchased 200 shares of Andrinap, Inc., for $80.00 per share. The company does not pay dividends. Now the market value of the stock is $128.08.
a. Compute the total dollar return earned by Sparky since he bought Andrinap.
b. Compute Sparky’s three-year holding period return.
c. Compute the average annual return earned by Sparky.