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Over the last six years the shares of company XYZ's stock had returns of 11 percent, 15 percent, 13 percent, -4 percent, 16 percent, and
Over the last six years the shares of company XYZ's stock had returns of 11 percent, 15 percent, 13 percent, -4 percent, 16 percent, and 17 percent. |
Required: | |
(a) | Calculate the arithmetic average return. |
11.33% |
(b) | Calculate the geometric average return. |
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