Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You find a certain stock that had returns of 7%, -12%, 18%, and 19% for the first four of the last five years. If the
You find a certain stock that had returns of 7%, -12%, 18%, and 19% for the first four of the last five years. If the average return of the stock over this period was 10.5%, what was the stock's return for the missing year?
A.20.5% |
B.8% |
C.32% |
D.10.5% |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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