Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 8 (4 points) You own a stock that had returns of 9.83 percent, 6.96 percent, 22.94 percent, and 15.51 percent over the past four

Question 8 (4 points)

You own a stock that had returns of 9.83 percent, 6.96 percent, 22.94 percent, and 15.51 percent over the past four years. What was the geometric average return for this stock?

Question 8 options:

9.76%
10.74%
9.11%
11.19%
10.33%

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

Step: 3

blur-text-image

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

Foundations In Personal Finance

Authors: Dave Ramsey

1st Edition

0981683967, 978-0981683966

More Books

Students also viewed these Finance questions