Question
Marcos compiled following annual returns on stock of Apple Company. for the past 4 years: -10%, 16%, 10%, and 8%. a. Find arithmetic average return
Marcos compiled following annual returns on stock of Apple Company. for the past 4 years: -10%, 16%, 10%, and 8%.
a. Find arithmetic average return (ra) on the stock over this 4-year period. b. Find compound or geometric average return (rg) on the stock over this four year period.
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Fundamentals Of Corporate Finance
Authors: Stephen A Ross, Randolph W Westerfield
5th Edition
9780072313000
