Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A stock had returns of 7 percent, 12 percent, -10 percent, and 17 percent annually over the past four years. What is the geometric average
A stock had returns of 7 percent, 12 percent, -10 percent, and 17 percent annually over the past four years. What is the geometric average return for this time period? A. 4.52% B.5.78% C.5.99% D.7.30% E. 8.21%
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