Question
Suppose that the NASDAQ Composite index hit a level of 4,686 in February of 2010. In February of 1991 it was at a level of
Suppose that the NASDAQ Composite index hit a level of
4,686
in February of
2010.
In February of
1991
it was at a level of
2,072.
What was the annual average compound growth rate over the period?
The annual average compound growth rate over the period was %.
(Round to two decimal places.)
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International Financial Management
Authors: Cheol Eun, Bruce Resnick
7th Edition
0077861604, 9780077861605
