Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A stock had returns of 12.4%, 16.6%, 10.2%, 19.0%, 15.7% over the last five years. What is the geometric average return on the stock for
A stock had returns of 12.4%, 16.6%, 10.2%, 19.0%, 15.7% over the last five years. What is the geometric average return on the stock for this period?
Multiple Choice
7.70%
6.37%
108%
8.50%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started