Question
A stock has had returns of 10 percent, 8 percent, -25 percent over the last three years, respectively. What is the geometric mean return for
A stock has had returns of 10 percent, 8 percent, -25 percent over the last three years, respectively. What is the geometric mean return for this stock?(Enter your answers as a percentage rounded to 2 decimal places. For example, enter 8.43% instead of 0.0843 )
| Answer: | Units: |
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
Fundamentals Of Corporate Finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
5th Edition
1119795435, 978-1119795438
