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You own a share of stock that is expected to provide returns of 11.6% in 1 year, X% in 2 years, 8.8% in 3 years,
You own a share of stock that is expected to provide returns of 11.6% in 1 year, X% in 2 years, 8.8% in 3 years, and 2.5% in 4 years. What is the return in year 2 if the geometric average rate of return over the 4-year period is 2.9? (Express answer as a decimal. Round to the nearest ten-thousandth)
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