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Suppose you buy 6 0 0 shares of Applied Materials Corporation at the beginning of year 1 for $ 4 4 . 5 0 per
Suppose you buy shares of Applied Materials Corporation at the beginning of year for $ per share. Applied Materials
Corporation pays no dividends. The stock price at the end of year is $ the price is $ at the end of year and the price is
$ at the end of year The stock price declines to $ at the end of year and you sell your shares.
What is your geometric average return for the year period?
Note: Round your answer to decimal places. Do not round intermediate calculations.
Return
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