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A stock had returns of 16 percent, 15 percent, 12 percent, 8 percent, 12 percent, and 5 percent over the last six years. Required: (a)
| A stock had returns of 16 percent, 15 percent, 12 percent, 8 percent, 12 percent, and 5 percent over the last six years. |
| Required: | |
| (a) | What is the arithmetic return for the stock? |
| (Click to select)11.43%11.33%13.60%11.90%11.53% | |
| (b) | What is the geometric return for the stock? |
| (Click to select)11.27%11.57%11.37%11.07%13.67% |
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