1. Eight months ago, you purchased 400 shares of Winston stock at a price of $46.40 a share. The company pays quarterly dividends of $1.05 a share. Today, you sold all of your shares for $48.30 a share. What is your total percentage return on this investment?
a. 8.62%
b. 12.08%
c. 10.12%
d. 4.09%
e. 7.34%
#2.
2. A stock was priced at $23.08, $24.15, $23.99, and $24.26 at end of Years 1 to 4, respectively, The annual dividend is constant at $.20 a share. What is the geometric average return on this stock?
a. 2.48%
b. 2.52%
c. 3.27%
d. 2.56%
e. 3.31%