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please round as asked. Calculate the annual arithmetic mean and geometric mean return on the following security, purchase price =$27; first-year dividend =$4; price after
please round as asked.
Calculate the annual arithmetic mean and geometric mean return on the following security, purchase price =$27; first-year dividend =$4; price after one year =$32; second-year dividend =$4; selling price after two years =$25. (Round intermediate calculations to 3 decimal places, e.g. 15.251% and the final answers to 2 decimal places, e.g. 15.25\%.) Arithmetic average return % Geometric mean return % eTextbook and Media Your answer is incorrect. State which method is more appropriate for the situationStep by Step Solution
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