Answered step by step
Verified Expert Solution
Question
1 Approved Answer
a stock had returns of 21.54%(1 year ago today), 3.25 % (2 year ago today), X (3 years ago today) and -15.21%(4 years ago today)
a stock had returns of 21.54%(1 year ago today), 3.25 % (2 year ago today), X (3 years ago today) and -15.21%(4 years ago today) in each of the past years. Over the past years, the geometric average annual return for the stock was 2.53%. what was the arithmetic annual return for the stock over the past years?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started