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Youve observed the following returns on Doyscher Corporations stock over the past five years: 26.7 percent, 14.8 percent, 32.6 percent, 2.9 percent, and 21.9 percent.
Youve observed the following returns on Doyscher Corporations stock over the past five years: 26.7 percent, 14.8 percent, 32.6 percent, 2.9 percent, and 21.9 percent. Requirement 1: What was the arithmetic average return on the stock over this five-year period? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)
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