Question
What is the expected return for a stock with the following returns? YEAR RETURN 2017 -2% 2016 18% 2015 5% NOTE: correct answer is 7%,
What is the expected return for a stock with the following returns?
| YEAR | RETURN |
| 2017 | -2% |
| 2016 | 18% |
| 2015 | 5% |
NOTE: correct answer is 7%, however, I need to understand the process of solving the problem. please provide detailed work and formula. Thank You! (if using excel please show work/inputs)
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Principles Of Project Finance
Authors: E. R. Yescombe
2nd Edition
0123910587, 9780123910585
