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.