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please explain every step and how the got the number thanks What was the geometric average return for a stock that had the following annual
please explain every step and how the got the number thanks
What was the geometric average return for a stock that had the following annual returns over the past 4 years: 14.00% (4 years ago), 16.00% (3 years ago), -24.00% (2 years ago), and 46.00% (last year)?(Round the value to 100th decimal and Please enter the value only without converting it to a decimal format. If the answer is 8.55%, enter 8.55) Selected Answer: 4.75 Correct Answer: 10.06 Answer range +/- 0.02012 (10.03988 - 10.08012)Step by Step Solution
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