Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

stock has had returns of 19.0 percent, 29.0 percent, 24.0 percent, 10.1 percent, 34.8 percent, and 27.0 percent over the last six years. Required: What

stock has had returns of 19.0 percent, 29.0 percent, 24.0 percent, 10.1 percent, 34.8 percent, and 27.0 percent over the last six years.

Required:

What are the arithmetic and geometric returns for the stock? (Do not round intermediate calculations. Enter your answers as a percentage rounded to 2 decimal places (e.g., 32.16).)

Arithmetic average return

14.28 %

Geometric average return

%

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

Banker To The World

Authors: William Rhodes

1st Edition

0071704256, 978-0071704250

More Books

Students also viewed these Finance questions

Question

What are the need and importance of training ?

Answered: 1 week ago

Question

What is job rotation ?

Answered: 1 week ago