Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A stock has had returns of 6 percent, 29 percent, 13 percent, 19 percent, 34 percent, and 2 percent over the last six years. What
A stock has had returns of 6 percent, 29 percent, 13 percent, 19 percent, 34 percent, and 2 percent over the last six years. |
What are the arithmetic and geometric average returns for the stock? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) |
Arithmetic average return | % | |
Geometric average return | % |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started