Question
A stock had returns of 15 percent, 20 percent, 15 percent, 20 percent, 12 percent, and -7 percent over the last six years. Required: (a)
A stock had returns of 15 percent, 20 percent, 15 percent, 20 percent, 12 percent, and -7 percent over the last six years.
Required:
(a) What is the arithmetic return for the stock?
(b) What is the geometric return for the stock?
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Essentials Of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
13th Edition
0324258755, 9780324258752
