Question
A stock had returns of 11%, 9.2%, -5.3%, and 1.4%, for 4 of the last 5 years. The arithmetic average return on the stock over
A stock had returns of 11%, 9.2%, -5.3%, and 1.4%, for 4 of the last 5 years. The arithmetic average return on the stock over this period was 5.2%. What was the stock's return for the missing year?
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Fixed Income Securities Tools For Todays Markets
Authors: Bruce Tuckman, Angel Serrat
3rd Edition
0470891696, 978-0470891698
