21.
Page 345Arithmetic and Geometric Returns. A stock has had the following year-end prices and dividends:
Year
Price
Dividend
1
$58.27
2
67.32
$1.10
3
61.46
1.25
4
69.32
1.45
5
75.18
1.60
6
84.32
1.75
What are the arithmetic and geometric returns for the stock?
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