Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 26 Over the last four years, a stock has had an arithmetic average return of 8.8 percent. Three of those four years produced returns

image text in transcribed
QUESTION 26 Over the last four years, a stock has had an arithmetic average return of 8.8 percent. Three of those four years produced returns of 16.3 percent, 10.2 percent, and-14.1 percent. What is the geometric average return for this 4- year period? 7.83 percent 8.39 percent O8.67 percent 9.40 percent 9.97 percent

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Multinational Financial Management

Authors: Alan C. Shapiro

7th Edition

0471395307, 9780471395300

More Books

Students also viewed these Finance questions