Question
The geometric average daily return for Grumpy Inc. was 3 percent for this past week. Grumpys stock was traded at $18.82 when the market closed
The geometric average daily return for Grumpy Inc. was 3 percent for this past week. Grumpys stock was traded at $18.82 when the market closed on Friday. The daily returns for Monday through Thursday are 5 percent, 2 percent, -10 percent, and 8 percent, respectively. What is the opening price of Grumpy on Friday?
$16.68
$16.90
$16.94
$17.11
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Advanced Modelling In Mathematical Finance
Authors: Jan Kallsen, Antonis Papapantoleon
1st Edition
3319458736, 978-3319458731
