Question
You purchased 4,000 shares of MLI stock 5 years ago and have earned annual returns of 8.0 percent, 7.0 percent, 2.0 percent, -14.0 percent
You purchased 4,000 shares of MLI stock 5 years ago and have earned annual returns of 8.0 percent, 7.0 percent, 2.0 percent, -14.0 percent and 4.0 percent. What is your arithmetic average return?
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
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