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A stock had returns of 16 percent, 14 percent, 17 percent, 8 percent, 13 percent, and 14 percent over the last six years. Required: (a)
A stock had returns of 16 percent, 14 percent, 17 percent, 8 percent, 13 percent, and 14 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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Derivatives Markets
Authors: Rober L. Macdonald
4th edition
321543084, 978-0321543080
