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4. The rate of return on Cherry Jalopies, Inc., stock over the last five years was 19 percent, 11 percent, 1 percent, 3 percent, and
4.
The rate of return on Cherry Jalopies, Inc., stock over the last five years was 19 percent, 11 percent, 1 percent, 3 percent, and 14 percent. Over the same period, the return on Straw Construction Company's stock was 16 percent, 11 percent, 2 percent, 2 percent, and 13 percent. What was the arithmetic average return on each stock over this period? (Enter your answers as a percent rounded to 1 decimal place. Omit the "$sign in your response.) Step by Step Solution
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