Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A stock has had returns of 23 percent, 10 percent, -11 percent over the last three years, respectively. What is the geometric mean return

image

A stock has had returns of 23 percent, 10 percent, -11 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) Your Answer: Answer units

Step by Step Solution

3.32 Rating (149 Votes )

There are 3 Steps involved in it

Step: 1

To calculate the geometric mean return we need to multiply the indi... 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

Investments Analysis and Management

Authors: Charles P. Jones

12th edition

978-1118475904, 1118475909, 1118363299, 978-1118363294

More Books

Students also viewed these Finance questions

Question

Contrast compensation and overcompensation in Adlers theory.

Answered: 1 week ago

Question

What is the Output?

Answered: 1 week ago

Question

Why should investors be concerned with GDP growth?

Answered: 1 week ago