Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A stock has annual returns of 8.0 percent, 12.5 percent, -4.8 percent, and 16.9 percent for the past four years. The arithmetic average of these

image text in transcribed

A stock has annual returns of 8.0 percent, 12.5 percent, -4.8 percent, and 16.9 percent for the past four years. The arithmetic average of these returns is percent while the geometric average return for the period is__ percent. Select one: O a. 8.75; 8.54 b. 8.23; 8.21 C. 8.15; 7.83 d. 8.33; 8.12 e. 7.98; 8.21

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Law With UCC Applications

Authors: Gordon Brown, Paul Sukys

13th Edition

0073524956, 978-0073524955

Students also viewed these Finance questions