Question
Problem 1-8 The rate of return on Cherry Jalopies, Inc., stock over the last five years was 15 percent, 11 percent, 5 percent, 4 percent,
Problem 1-8
| The rate of return on Cherry Jalopies, Inc., stock over the last five years was 15 percent, 11 percent, 5 percent, 4 percent, and 8 percent. |
| What is the geometric return for Cherry Jalopies, Inc.? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.) |
| Geometric return | % |
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The Meaningful Money Handbook
Authors: Pete Matthew
1st Edition
0857196510, 978-0857196514
