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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%
Financial Management, Finance
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