Guava Co. has the annual returns of 8%, -9%, and 12% in the past three years. What is its geometric average annual return for the
Guava Co. has the annual returns of 8%, -9%, and 12% in the past three years. What is its geometric average annual return for the past three years?
Group of answer choices 3.25 percent 4.33 percent 5.00 percent 6.56 percent
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Authors: George M. Constantinides, Milton Harris, Rene M. Stulz
1st Edition
0444535942, 978-0444535948
