Question
Facebook's stock price in 2015 increased by 34.15%, and in 2016, it increased by 9.93%. (a) Computer the geometric mean rate of return per year
Facebook's stock price in 2015 increased by 34.15%, and in 2016, it increased by 9.93%. (a) Computer the geometric mean rate of return per year from the two-year period 2015-2016. (b) If you purchased $1000 of Facebook stock at the start of 2015, what was its value at the end of 2016.
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Get StartedRecommended Textbook for
Elementary Linear Algebra with Applications
Authors: Bernard Kolman, David Hill
9th edition
132296543, 978-0132296540
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