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A stock closed at a price of $ 6 0 per share on 3 / 4 / 2 4 . It had closed at $
A stock closed at a price of $ per share on It had closed at $ per share five years earlier. What can you say about the geometric average annual rate of return over that five year period? choose one
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a
It is positive.
b
It is negative.
c
It could be positive or negative more information is needed to determine
d
It is higher than the arithmetic average annual return.
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