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The rates of return on Cherry Jalopies, Inc., stock over the last five years were 14 percent, 11 percent, 3 percent, 2 percent, and 6
The rates of return on Cherry Jalopies, Inc., stock over the last five years were 14 percent, 11 percent, 3 percent, 2 percent, and 6 percent. Over the same period, the returns on Straw Construction Companys stock were 16 percent, 15 percent, 9 percent, 4 percent, and 11 percent. What was the arithmetic average return on each stock over this period? (Enter your answers as a percent rounded to 1 decimal place.)
Cherry Average Return %
Straw Average Return %
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