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Suppose you buy 250 shares of Applied Materials Corporation at the beginning of year 1 for $42.75 per share. Applied Materials Corporation pays no dividends.
Suppose you buy 250 shares of Applied Materials Corporation at the beginning of year 1 for $42.75 per share. Applied Materials Corporation pays no dividends. The stock price at the end of year 1 is $46.75, the price is $54.75 at the end of year 2, and the price is $62.75 at the end of year 3. The stock price declines to $59.75 at the end of year 4, and you sell your 250 shares. What is your geometric average return for the 4-year period? (Round your answer to 2 decimal places. Do not round intermediate calculations.) Return %
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