Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A stock had returns of 1 . 1 percent, 9 . 4 percent, - 8 . 3 percent, 1 . 5 percent, 0 . 4

A stock had returns of 1.1 percent, 9.4 percent, -8.3 percent, 1.5 percent, 0.4 percent, and 3.1 percent over the past six years. What is the geometric average return for this time period? _____%
Instruction: Enter your response as a percentage with two decimal places.
For example, if your answer is 0.1213=12.13%, please only enter "12.13", please do not enter "0.1213" or "12.13%", the system may not recognize the % sign. You may put negative signs if necessary,

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Options Futures And Other Derivatives

Authors: John Hull

11th Global Edition

1292410655, 9781292410654

More Books

Students also viewed these Finance questions

Question

Detailed note on the contributions of F.W.Taylor

Answered: 1 week ago