Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A stock has had returns of 5 percent, 14 percent, 3 percent, and 4 percent over the last four years. What is the geometric average

image text in transcribed

A stock has had returns of 5 percent, 14 percent, 3 percent, and 4 percent over the last four years. What is the geometric average return over this period? 5.33\% 4.83% 7.67% 5.00% 5.00%

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

The 3 Signal The Investing Technique That Will Change Your Life

Authors: Jason Kelly

1st Edition

0142180955, 978-0142180952

More Books

Students also viewed these Finance questions

Question

2. Identify the purpose of your speech

Answered: 1 week ago