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Problem 1-5 Calculating Average Returns (L01, CFA1) The rates of return on Cherry Jalopies, Inc., stock over the last five years were 18 percent, 11

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Problem 1-5 Calculating Average Returns (L01, CFA1) The rates of return on Cherry Jalopies, Inc., stock over the last five years were 18 percent, 11 percent. -1 percent, 2 percent, and 11 percent. Over the same period, the returns on Straw Construction Company's stock were 16 percent, 19 percent. -5 percent. 2 percent, and 21 percent. What was the arithmetic average return on each stock over this period? (Enter your answers as a percent rounded to 1 decimal place.) ok EK int Cherry average return Straw average return % % ences

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