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Marcus Berger invested $9842.33 in Hawkeye Hats, Inc. three years ago. He sold the stock today for $11,396.22. What is his geometric average return? Please
Marcus Berger invested $9842.33 in Hawkeye Hats, Inc. three years ago. He sold the stock today for $11,396.22. What is his geometric average return? Please solve using any method other than excel, and show work.
A 5.98%
B 4.93%
C 5.01%
D There is insufficient information to derive an answer.
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