Question
A stock had annual returns of 7 percent, 28 percent, 13 percent, and 23 percent for the past four years. The arithmetic average of these
A stock had annual returns of 7 percent, 28 percent, 13 percent, and 23 percent for the past four years. The arithmetic average of these returns is _____ percent while the geometric average return for the period is _____ percent.
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Financial Statement Analysis
Authors: Martin S. Fridson, Fernando Alvarez
5th Edition
1119457149, 978-1119457145
