Question
A stock had had returns of 16 percent, 11 percent, 14 percent, -1 percent, 13 percent and 14 percents over the last six years. What
A stock had had returns of 16 percent, 11 percent, 14 percent, -1 percent, 13 percent and 14 percents over the last six years. What is the arithmetic return for the stock? what is the geometric return for the stock?
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, William J. Kretlow
11th Edition
0324653506, 978-0324653502
