Question
A stock had returns of 15 percent, -9 percent, 22 percent, 18 percent, and 6 percent in the last five years. Calculate the arithmetic and
A stock had returns of 15 percent, -9 percent, 22 percent, 18 percent, and 6 percent in the last five years. Calculate the arithmetic and geometric average rates of return, respectively, of the stock.
10.40 percent; 9.47 percent
10.40 percent; 9.81 percent
11.90 percent; 9.47 percent
10.40 percent; 8.72 percent
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Finance And Financial Markets
Authors: Keith Pilbeam
3rd Edition
023023321X, 978-0230233218
