A stock had the following prices and dividends. What is the geometric average return on this stock?
Year ------------------------------ Price --------------------------------------------- Dividends ---------------------
- 1 ----------------------- $22.57 --------------------------------------- - ----------------
- 2 ----------------------- $22.90 --------------------------------------------- 0.30 ------------------
- 3 ----------------------- $22.26 --------------------------------------------- 0.31 ---------------------
- 4 -------------------------- $24.08 ---------------------------------------------- 0.33 -------------------
- 5 --------------------------- $25.09 ---------------------------------------------- 0.35 ------------------
- 6 ------------------------------- $26.20 ---------------------------------------------- 0.37 --------------------
Please show all of the steps so if I get a question like this on my exam I will know the proper steps