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You find a certain stock that had returns of 12 percent, 13 percent, 24 percent, and 20 percent for four of the last five years.
You find a certain stock that had returns of 12 percent, 13 percent, 24 percent, and 20 percent for four of the last five years. The average return of the stock over this period was 11.32 percent.
What was the stocks return for the missing year? |
A. | 13.6% | |
B. | 14.6% | |
C. | 15.6% | |
D. | 39.8% |
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