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A stock provides its investors with the following returns: January: -44% February: 42% March: -6%. What is the stocks monthly average realized yield in the
A stock provides its investors with the following returns: January: -44% February: 42% March: -6%. What is the stocks monthly average realized yield in the first quarter of the year?
Response Feedback: | First compound your returns with (1+r1)*(1+r2)*(1+r3)-1=rbh Then calculate the average realized monthly yield as ravg=(1+rbh)1/T-1 Be sure to follow the formatting instructions |
Provide your answer in percent, rounded to two decimals, omitting the % sign.
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