In: Finance
Using the data in the table to the right, calculate the return for investing in the stock from January 1 to December 31. Prices are after the dividend has been paid.
Date | Price | Dividend |
1/2/03 | $32.98 | - |
2/5/03 | $30.73 | $0.17 |
5/14/03 | $29.88 | $0.17 |
8/13/03 | $33.81 | $0.18 |
11/12/03 | $39.48 | $0.19 |
1/2/04 | $43.74 | - |
What is the return for the entire period? Round two decimal
places