Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
What is the geometric average return on a stock if its returns over the past five years have been -23%, 8%, 42%, 16%, and 15%?
What is the geometric average return on a stock if its returns over the past five years have been -23%, 8%, 42%, 16%, and 15%?
a) 8.3% b) 9.5% c) 10.9% d) 11.6%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started