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Tiffany & Company (TIF) Yearly Returns

Year	Beginning Price	Ending Price	Gain or Loss	Percent Gain or Loss
1988	20.75	42.125	21.375	103.01%
1989	42.125	70.125*	28.00	66.47%
1990	46.75	35.375	-11.375	-24.33%
1991	35.375	45.25	9.875	27.92%
1992	45.25	34.625	-10.625	-23.48%
1993	34.625	31.875	-2.75	-7.94%
1994	31.875	39.00	7.125	22.35%
1995	39.00	50.375	11.375	29.17%
1996	50.375	73.25*	22.875	45.41%
1997	36.625	36.0625	-0.5625	-1.54%
1998	36.0625	51.875	15.8125	43.85%
1999	51.875	178.50*	126.625	244.10%
2000	89.25	63.25*	-26.00	-29.13%
2001	31.625	31.47	-0.155	-0.49%
2002	31.47	23.91	-7.56	-24.02%
2003	23.91	45.20	21.29	89.04%
2004	45.20	31.97	-13.23	-29.27%
2005	31.97	38.29	6.32	19.77%
2006	38.29	39.24	0.95	2.48%
2007	39.24	46.03	6.79	17.30%
2008	46.03	23.63	-22.40	-48.66%
2009	23.63	43.00	19.37	81.97%

*The 1989 ending price for Tiffany & Company has been adjusted for a 3 for 2 stock split.
*The 1996 ending price for Tiffany & Company has been adjusted for a 2 for 1 stock split.
*The 1999 ending price for Tiffany & Company has been adjusted for a 2 for 1 stock split.
*The 2000 ending price for Tiffany & Company has been adjusted for a 2 for 1 stock split.