Yellow Rock’s stock currently trades at a market price of $42 per share. Historically, it has never paid a cash dividend, nor is it expected to anytime soon. In the last 5 years, the year-by-year returns of Yellow Rock stock have been 8.1%, -9.3%, 4.1%, 17.3%, and 5.7% – (from most distant, to most recent). Determine the price of Yellow Rock stock 5 years ago. Enter your answer in dollars and cents on a per share basis.
5B)Jannis stock currently trades at a market price of $33 per share. In the last 5 years, the year-by-year returns of Jannis stock have been 29.2%, -3%, -10%, 8.2%, and 11%. Determine the historical annualized arithmetic return of Jannis stock. Enter your answer as a percentage, not as a decimal, with at least 3 significant digits of accuracy.
