Question
The rates of return on Cherry Jalopies, Inc., stock over the last five years were 20 percent, 11 percent, 6 percent, 5 percent, and 8
The rates of return on Cherry Jalopies, Inc., stock over the last five years were 20 percent, 11 percent, 6 percent, 5 percent, and 8 percent. What is the geometric return for Cherry Jalopies, Inc.? (Do not round intermediate calculations.
Enter your answer as a percent rounded to 2 decimal places.)
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Entrepreneurial Finance
Authors: Gary E. Gibbons, Robert D. Hisrich, Carlos Marques DaSilva
1st Edition
1452274177, 978-1452274171
