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Toll Brothers, Inc. (TOL) Yearly Returns

Year	Beginning Price	Ending Price	Gain or Loss	Percent Gain or Loss
1987	17.125	21.00*	3.875	22.63%
1988	5.25	4.75	-0.50	-9.52%
1989	4.75	3.25	-1.50	-31.58%
1990	3.25	2.625	-0.625	-19.23%
1991	2.625	11.25	8.625	328.57%
1992	11.25	13.375	2.125	18.89%
1993	13.375	17.125	3.75	28.04%
1994	17.125	10.00	-7.125	-41.61%
1995	10.00	23.00	13.00	130.00%
1996	23.00	19.50	-3.50	-15.22%
1997	19.50	26.75	7.25	37.18%
1998	26.75	22.5625	-4.1875	-15.65%
1999	22.5625	18.625	-3.9375	-17.45%
2000	18.625	40.875	22.25	119.46%
2001	40.875	43.90	3.025	7.40%
2002	43.90	40.40*	-3.50	-7.97%
2003	20.20	39.76	19.56	96.83%
2004	39.76	68.61	28.85	72.56%
2005	68.61	69.28*	0.67	0.98%
2006	34.64	32.23	-2.41	-6.96%
2007	32.23	20.06	-12.17	-37.76%
2008	20.06	21.34	1.28	6.38%
2009	21.34	18.81	-2.53	-11.86%
2010	18.81	19.00	0.19	1.01%
2011	19.00	20.42	1.42	7.47%

*The 1987 ending price for Toll Brothers has been adjusted for two (2) 2 for 1 stock splits.
*The 2002 ending price for Toll Brothers has been adjusted for a 2 for 1 stock split.
*The 2005 ending price for Toll Brothers has been adjusted for a 2 for 1 stock split.