Question
Consider the following information for a single stock: Year Beginning Price Ending Price 1 $10 $19 2 $19 $28 3 $ 28 $48 4 $
Consider the following information for a single stock: Year Beginning Price Ending Price 1 $10 $19 2 $19 $28 3 $ 28 $48 4 $ 48 $65 What is the geometric mean (GM) of the returns for the four years?
| 62% | ||
| 55.64% | ||
| 61.02% | ||
| 59.64% |
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Financial Accounting
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
3rd edition
978-0078025549
