Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A stock has monthly returns of -02.38%, 14.98% , 06.36%, and -11.44%. What is the stocks geometric average return? Assist me with the math associated
A stock has monthly returns of -02.38%, 14.98% , 06.36%, and -11.44%. What is the stocks geometric average return? |
Assist me with the math associated with this problem. The answer is 7.62% but I got 1.40%
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