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A stock had returns of 11.63 percent (1 year ago), -33.51 percent (2 years ago), X (3 years ago), and 23.8 percent (4 years ago)
A stock had returns of 11.63 percent (1 year ago), -33.51 percent (2 years ago), X (3 years ago), and 23.8 percent (4 years ago) in each of the past 4 years. Over the past 4 years, the arithmetic average annual return for the stock was 9 percent. What was the geometric average annual return for the stock over the past 4 years? Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.
A stock had returns of 11.63 percent (1 year ago), -33.51 percent (2 years ago), X (3 years ago), and 23.8 percent (4 years ago) in each of the past 4 years. Over the past 4 years, the arithmetic average annual return for the stock was 9 percent. What was the geometric average annual return for the stock over the past 4 years? Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.
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