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Question 25 Calculate the annual arithmetic mean and geometric mean return on the following security, purchase price = $23; first- year dividend = $5; price
Question 25 Calculate the annual arithmetic mean and geometric mean return on the following security, purchase price = $23; first- year dividend = $5; price after one year = $28; second-year dividend = $5; selling price after two years = $21. (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 % % State which method is more appropriate for the situation
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