FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A stock had returns of 16.00% (1 year ago). 11.00% ( 2 years ago), X(3 years ago), and 21.00% ( 4 years ago) in each

image text in transcribed
A stock had returns of 16.00% (1 year ago). 11.00% ( 2 years ago), X(3 years ago), and 21.00% ( 4 years ago) in each of the past 4 years. Over the past 4 years, the arithmetic average annual return for the stock was 5.00%. What was the geometric average annual return for the stock over the dast 4 vears?(Round the value to 100 th decimal)

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

Step: 3

blur-text-image

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

Shape Up Your Finances The Personal Finances Handbook

Shape Up Your Finances The Personal Finances Handbook

Authors: Ian Birt

1st Edition

0734608268, 978-0734608260

More Books

Students also viewed these Finance questions

Question

★★★★★
What is the going concern assumption?

Answered: 1 week ago

Question

★★★★★
Beeler Furniture Company deposits all cash receipts each Wednesday and Friday in a night depository, after banking hours. The data required to reconcile the bank statement as of June 30 have been...

Answered: 1 week ago

Question

★★★★★
If you are dealing with a foreign corporation in which no one speaks English as a native or second language, what may be necessary for your corporation and the foreign corporation to work together?...

Answered: 1 week ago

Question

★★★★★
The procedures used for over-the-counter receipts are as follows. At the close of each days business, the sales clerks count the cash in their respective cash drawers, after which they determine the...

Answered: 1 week ago

Question

★★★★★
A stock had returns of 16.00% (1 year ago). 11.00% ( 2 years ago), X(3 years ago), and 21.00% ( 4 years ago) in each of the past 4 years. Over the past 4 years, the arithmetic average annual return...

Answered: 1 week ago

Question

★★★★★
the mediation process normally leads to new findings of fact or conclusions of law by the mediator. true or false.

Answered: 1 week ago

Question

★★★★★
A Risk Versus Reward Approach to Market Research Case study 1. What are the pros and cons of each of the three options under consideration? 2. Which option do you think will yield the most long-term...

Answered: 1 week ago

Question

★★★★★
One of your commonly used laboratory instantaneous test signal voltages (vs) is described by the equation... Vs = 8sin (2nft -7) where f = 500 kHz and t, represents time. Make the time t, the subject...

Answered: 1 week ago

Question

★★★★★
Steve's assertion that the muffler sounded like a tank is likely a symptom of _______? 1) posttraumatic stress disorder 2) acute intoxication 3) affect dysregulation 4) avoidant personality disorder

Answered: 1 week ago

Question

★★★★★
Change is a difficult thing to navigate for many people and many organizations, but change is needed to grow. Employees and employers alike need managers to support change and go beyond accepting it...

Answered: 1 week ago

Question

★★★★★
In 2006, e-Design was invited unexpectedly to participate in a design competition to provide new logos and new identity for Denmark's National Sports Team, a prestige client.What should the e-Design...

Answered: 1 week ago

Question

★★★★★
Identify behavior that constitutes sexual harassment, and list things that an organization can do to eliminate or minimize it. page 125

Answered: 1 week ago

Question

★★★★★
Identify the tasks performed and the skills required in a given job. page 167

Answered: 1 week ago

Question

★★★★★
Identify the major provisions of the Occupational Safety and Health Act (1970) and the rights of employees that are guaranteed by this act. page 130

Answered: 1 week ago

Previous Question Next Question