Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A stock had returns of 14 percent, 6 percent, -0.1 percent, 4.3 percent, 3.8 percent, and 18.8 percent over the past six years. What is

A stock had returns of 14 percent, 6 percent, -0.1 percent, 4.3 percent, 3.8 percent, and 18.8 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_2

Step: 3

blur-text-image_3

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

More Books

Students also viewed these Finance questions