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A stock you are looking at has generated the following annual returns: 10.0%, -5.0% and 4.0%. What was its compound average annual return? Answer in
A stock you are looking at has generated the following annual returns: 10.0%, -5.0% and 4.0%. What was its compound average annual return? Answer in percent, rounded to two decimal places (e.g., 4.32% = 4.32).
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Financial Markets And Institutions
Authors: Jeff Madura
6th Edition
0324162618, 978-0324162615
