21. Page 345Arithmetic and Geometric Returns. A stock has had the following year-end prices and...
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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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