1. You purchased 100 shares of ABC stock for $20 per share. One year later you received cash dividends of $1 per share and sold the stock for $22 per share. Your holding-period return was _______________.
A) 5%
B) 10%
C) 15%
D) 20%
2. Compute the geometric average of the following rates of return:
First year 100%
Second year -50%
A) 0%
B) 25%
C) 50%
D) 100%
Please show work