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The rate of return on ABC, Inc., stock over the last five years was 6.32 percent, 9.7 percent, -0.94 percent, 8.22 percent, and 15.68 percent.
The rate of return on ABC, Inc., stock over the last five years was 6.32 percent, 9.7 percent, -0.94 percent, 8.22 percent, and 15.68 percent. What was the geometric average return (in percent) on ABC stock over this period? Answer to two decimals. 7.66
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Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
