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You buy a stock for $10. After a year the price rises to $11, and then to $12 at the end of year two. What

You buy a stock for $10. After a year the price rises to $11, and then to $12 at the end of year two. What was the average percentage return (i.e. what is the simple average of the two holding period returns)? 9.5% Esc Lock 10.0% 20% 9.0% Click Save and Submit to save and submit. Click Save All Answers to save all answers. 51F Cloudy ! 1 F1 2 F2 F3 #3 A+ F4 $ 4 Q Search F5 *- % 5 F6 6 6 points Save Answer Save All Answers F7 & 7 F8 Save and Submit LEG F9 * 8

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