Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A stock had returns of 11.3 percent, 12.6 percent, 9.1 percent, -6.7 percent, 7.3 percent, and 16.1 percent over the past six years. What is

A stock had returns of 11.3 percent, 12.6 percent, 9.1 percent, -6.7 percent, 7.3 percent, and 16.1 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.

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

Principles Of Commodity Economics And Finance

Authors: Daniel P. Ahn

1st Edition

0262038374, 9780262038379

More Books

Students also viewed these Finance questions

Question

Explain the concept of employment at will.

Answered: 1 week ago

Question

Discuss compensation for sales representatives.

Answered: 1 week ago

Question

Explain termination of employment.

Answered: 1 week ago