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Eugene stock had returns of 12.75% (1 year ago), 2.5% (2 years ago), X (3 years ago), and -7.25% (4 years ago) in each of
Eugene stock had returns of 12.75% (1 year ago), 2.5% (2 years ago), X (3 years ago), and -7.25% (4 years ago) in each of the past 4 years. Over the past 4 years, the geometric average annual return for Eugene stock was 6%. What was the arithmetic average annual return for the stock over the past 4 years?
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