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Please Explain steps, how and why. Please do not use excel. Q3, 5 The geometric average daily return for Grumpy Inc. was 3.0% for this

Please Explain steps, how and why. Please do not use excel. Q3, 5image text in transcribed

The geometric average daily return for Grumpy Inc. was 3.0% for this past week. Grumpy's stock was traded at $18.82 when the market closed on Friday. The daily returns for Monday through Thursday are 5.0%, 2.0%, -10.0%, and 8.0%, respectively. What is the opening price of Grumpy on Friday? X a. $17.11 b. $16.68 c. $16.94 d. $16.90

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