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P12-15 Arithmetic and Geometric Returns [LO1] A stock had returns of 15 percent, 17 percent, 12 percent, 5 percent, 13 percent, and -1 percent over
P12-15 Arithmetic and Geometric Returns [LO1]
| A stock had returns of 15 percent, 17 percent, 12 percent, 5 percent, 13 percent, and -1 percent over the last six years. |
| Required: | |
| (a) | What is the arithmetic return for the stock? |
| (b) | What is the geometric return for the stock? |
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