Question
Youve observed the following returns on Doyscher Corporations stock over the past five years: 12 percent, 21 percent, 27 percent, 6 percent, and 17 percent.
Youve observed the following returns on Doyscher Corporations stock over the past five years: 12 percent, 21 percent, 27 percent, 6 percent, and 17 percent. The average inflation rate over this period was 3.2 percent and the average T-bill rate over the period was 4.3 percent.
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(a) | What was the average real return on the stock? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).) Average real return _________ %
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