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Annual returns of three stocks are given below. Two of them (Air America and Air Brazil) are airline stocks and one (Star Oil) is an
Annual returns of three stocks are given below. Two of them (Air America and Air Brazil) are airline stocks and one (Star Oil) is an oil stock. In general, when oil prices go up, airline company stocks go down and oil company stocks go up.
YEAR | Air America | Air Brazil | Star Oil |
2016 | -28% | 9% | -2% |
2017 | 30% | -28% | -5% |
2018 | 7% | 7% | 9% |
2019 | -5% | -2% | -28% |
2020 | -2% | -5% | 30% |
2021 | 9% | 30% | 7% |
How much is the mean annual stock return? Notice that all three company stocks have the same annual return. Enter your answer in the following format: 0.1234 Hint: Answer is between 0.0169 and 0.0200
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