Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Over the last four years, a stock has had an arithmetic average return of 11.8 percent. Three of those four years produced returns of 22.6
Over the last four years, a stock has had an arithmetic average return of 11.8 percent. Three of those four years produced returns of 22.6 percent, 15.2 percent, and -24.1 percent, respectively. What is the geometric average return for this four-year period?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started