In: Finance
What is the 4-year average annual return for the following stock?
Price as of 1/1 | Price as of 12/31 | |
2016 | $10.00 | $11.00 |
2019 | $10.00 | $11.00 |
2020 | $12.00 | $15.00 |
2021 | $15.00 | $10.00 |
Year | Return | / Price | Return % |
2016 | 1.00 | 10.00 | 10.00% |
2019 | 1.00 | 10.00 | 10.00% |
2020 | 3.00 | 12.00 | 25.00% |
2021 | (5.00) | 15.00 | -33.33% |
Total | 11.67% | ||
/ Count | 4 | ||
Average | 2.92% |
Four year average return is 2.92%