Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You own a stock that had returns of 11.52 percent, 7.74 percent, 24.76 percent, and 16.94 percent over the past four years. What was the

You own a stock that had returns of 11.52 percent, 7.74 percent, 24.76 percent, and 16.94 percent over the past four years. What was the geometric average return for this stock? 

Step by Step Solution

3.47 Rating (150 Votes )

There are 3 Steps involved in it

Step: 1

To calculate the geometric average return for the stock ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Finance Core Principles and Applications

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford

3rd edition

978-0077971304, 77971302, 978-0073530680, 73530689, 978-0071221160, 71221166, 978-0077905200

More Books

Students also viewed these Finance questions