Question
A conglomerate corporation develops, manufactures, and markets a wide range of products, including medical diagnostic imaging devices, jet engines, lighting products, and chemicals. In 2013,
A conglomerate corporation develops, manufactures, and markets a wide range of products, including medical diagnostic imaging devices, jet engines, lighting products, and chemicals. In 2013, the stock price rose 33.24 %, and in 2014, the stock price declined 10.2%. If one purchased $1,000 of some social media stock at the start of 2013, its value would be $2,912.94 at the end of 2014. Complete parts (a) through (c) below. a. Compute the geometric mean rate of return per year of the two-year period 2013-2014. (Hint: Denote an increase of 33.24% as R1= 0.3324 ). The geometric mean rate of return is enter your response here ___% per year. (Round to two decimal places as needed.)
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