Question
6. A portfolio of stock is worth $9,000 today, it was worth $10,000 one year ago, $8,000 two years ago, and $7,000 three years ago.
6. A portfolio of stock is worth $9,000 today, it was worth $10,000 one year ago, $8,000 two years ago, and $7,000 three years ago. What is the geometric average rate of return over the last three years?
A. 10.2% B. 9.8% C. 9.5% D. 9.1% E. 8.7%
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Public Finance
Authors: Harvey S. Rosen
5th Edition
025617329X, 978-0256173291
