1. Caswell Enterprises had the following end-of-year stock prices over the last five years and paid no dividends. a. Calculate the average rate of return for each year from the above information. b. W?

To calculate the average rate of return for each year, you would need the stock prices for each of the five years. The average rate of return can be determined by using the formula: ((\text{Ending Price} - \text{Beginning Price}) / \text{Beginning Price}). Once you have calculated the returns for each year, you can then find the average of these annual returns. If you provide the stock prices, I can assist you with the calculations.