Question
The four-year geometric mean of a series of annual return is 6.10%. The First the return was -8.0%. The next two years the investment earned
The four-year geometric mean of a series of annual return is 6.10%. The First the return was -8.0%. The next two years the investment earned 14.0 % each year. What was there return in the fourth year ? A. impossible to determine with the information provided B. 7.20% C.10.55% D.6.00%
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
7th Edition
0030333288, 9780030333286
