Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ole stock has had returns of 9%, 12%, 17%, -6%, 8%, and -2% over the last six years. What is the geometric average return

image text in transcribed

ole stock has had returns of 9%, 12%, 17%, -6%, 8%, and -2% over the last six years. What is the geometric average return for this stock? (Do not round intermediate culations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Do not input a percent sign with your answer.) Numeric Response K

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management Principles and Applications

Authors: Sheridan Titman, Arthur Keown, John Martin

12th edition

133423824, 978-0133423822

More Books

Students also viewed these Finance questions