Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A stock has had returns of -10.31 percent, -8.3 percent, 4.9 percent, 9.1 percent, 8.99 percent, and 10.11 percent over the last six years. What

image text in transcribed

A stock has had returns of -10.31 percent, -8.3 percent, 4.9 percent, 9.1 percent, 8.99 percent, and 10.11 percent over the last six years. What is the geometric average return for the stock? Answer as a percentage to two decimals (if you get -0.0435, you should answer -4.35)

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

Introduces Quantitative Finance

Authors: Paul Wilmott

2nd edition

470319585, 470319581, 978-0470319581

More Books

Students also viewed these Finance questions

Question

Compare and contrast paragraphs 13 and 19 of IAS 18.

Answered: 1 week ago

Question

4. What data is stored in the EPOS system?

Answered: 1 week ago