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Suppose you buy 2000 shares of Air NZ at the beginning of year 1 for $8. Air NZ pays no dividends. The stock price at
Suppose you buy 2000 shares of Air NZ at the beginning of year 1 for $8. Air NZ pays no dividends. The stock price at the end of year 1 is $10,$12 at the end of year 2 , and $15 at the end of year 3 . The stock price declines to $10 at the end of year 4 , and you sell your 2000 shares. For the four years, your geometric average return is closest to Select one: a. 0.0%. b. 1.0%. c. 5.7%. d. 9.2%. e. 34.5%
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