Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A stock has had returns of 11 percent, 12 percent, -23 percent over the last three years, respectively. What is the geometric mean return for

image text in transcribed
A stock has had returns of 11 percent, 12 percent, -23 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 )

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

Risk Sensitive Investment Management

Authors: Mark H A Davis, Sébastien Lleo

1st Edition

9814578037, 978-9814578035

More Books

Students also viewed these Finance questions

Question

4 How can you create a better online image for yourself?

Answered: 1 week ago