Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You own a stock that had total returns of 0.75, 4.83, 3.94, 7.63, -1.54, 7.47, 10.92 (all in percent) over the last seven years. What

You own a stock that had total returns of 0.75, 4.83, 3.94, 7.63, -1.54, 7.47, 10.92 (all in percent) over the last seven years. What is the arithmetic average return for this stock? Answer as a percentage to two decimals (if you get -0.0435, you should answer -4.35). Thank you!!

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

The Ten Commandments To A Financial Healing

Authors: Ms. Kemberley J Washington

1st Edition

1499607261, 978-1499607260

More Books

Students also viewed these Finance questions