Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A stock has had returns of 18.8 percent, 26.97 percent, 21.6 percent, 9.9 percent, 34.6 percent, and 26.8 percent over the last six years. Required:

A stock has had returns of 18.8 percent, 26.97 percent, 21.6 percent, 9.9 percent, 34.6 percent, and 26.8 percent over the last six years.

Required:

What is the geometric return for the stock? (Do not include the percent signs (%). Round your answers to 2 decimal places (e.g., 32.16).)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions