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( Related to Checkpoint 7 . 2 ) ( Calculating the geometric and arithmetic average rate of return ) Marsh Inc. had the following end
Related to Checkpoint Calculating the geometric and arithmetic average rate of return Marsh Inc. had the following endofyear stock prices over the last five
years and paid no cash dividends:
A Calculate the annual rate of return for each year from the above information
B What is the arithmetic average rate of return earned by investing in Marsh's stock over this period?
C What is the geometric average rate of return earned by investing in Marsh's stock over this period?
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