A stock has had returns of 23 percent, 37 percent, 19 percent, 4 percent, 21 percent, and

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A stock has had returns of −23 percent, 37 percent, 19 percent, −4 percent, 21 percent, and 11 percent over the last six years. What are the arithmetic and geometric average returns for the stock?

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Corporate Finance Core Principles and Applications

ISBN: 978-1259289903

5th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan

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