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You observe quarterly returns on a non-dividend paying stock of 2.48%, 2.39%, 3.11%, -3.64%, and 4.67%. What is the geometric average return for this stock,
You observe quarterly returns on a non-dividend paying stock of 2.48%, 2.39%, 3.11%, -3.64%, and 4.67%. What is the geometric average return for this stock, expressed as a quarterly APR? Enter your answer in percent to 2 decimal places, leave out the "%" symbol in what you type in, and do not round any intermediate results.
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