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(Computing rates of return) From the following price data, compute the annual rates of return for Asman and Salinas. Time 1 Asman $9 12 11

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(Computing rates of return) From the following price data, compute the annual rates of return for Asman and Salinas. Time 1 Asman $9 12 11 2 Salinas $31 28 32 34 3 4 13 How would you interpret the meaning of the annual rates of return? The rate of return you would have earned on Asman stock from time 1 to time 2 is %. (Round to two decimal places.) (Computing rates of return) From the following price data, compute the annual rates of return for Asman and Salinas. Time 1 Asman $9 12 11 2 Salinas $31 28 32 34 3 4 13 How would you interpret the meaning of the annual rates of return? The rate of return you would have earned on Asman stock from time 1 to time 2 is %. (Round to two decimal places.)

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