Question
The common stock of the Brangus Cattle Company had the following end-of-year price stock over the last five years and paid no cash dividends: Time
The common stock of the Brangus Cattle Company had the following end-of-year price stock over the last five years and paid no cash dividends:
Time | Brangus Cattle Company |
1 | $14 |
2 | $11 |
3 | $12 |
4 | $23 |
5 | $25 |
a. The annual rate of return at the end of year 2 is _______%(Round to two decimal places.)
b. The annual rate of return at the end of year 3 is _______%(Round to two decimal places.)
c. The annual rate of return at the end of year 4 is _______%(Round to two decimal places.)
d. The annual rate of return at the end of year 5 is _______%(Round to two decimal places.)
e. The arithmetic average rate of return earned by investing in Brangus cattle company's stock over this period is _________%. (Round to two decimal places.)
f. The geometric average rate of return earned by investing in Brangus cattle company's stock over this period is __________%. (Round to two decimal places.)
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