question 4

A conglomerate corporation develops, manufactures, and markets a wide range of products, including medical diagnostic imaging devices, jet engines, lighting products, and chemicals. In 2013 , the stock price rose 34.39%, and in 2014 , the stock price declined 8.8%. If one purchased $1,000 of some social media stock at the start of 2013 , its value would be $2,948.85 at the end of 2014 . Complete parts (a) through (c) below. a. Compute the geometric mean rate of return per year of the two-year period 2013-2014. (Hint: Denote an increase of 34.39% as R1=0.3439 ). The geometric mean rate of return is % per year. (Round to two decimal places as needed.)