Marie and Brian Hume purchased 100 shares of a Canadian utility stock in January 2008 They calculated

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Marie and Brian Hume purchased 100 shares of a Canadian utility stock in January 2008 They calculated annual shareholder return to be 5%, -3% and 7% for the years 2008, 2009 and 2011, respectively. What was the annual average compound return of their investment to the end of 20011?
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Business Statistics

ISBN: 9780321925831

3rd Edition

Authors: Norean Sharpe, Richard Veaux, Paul Velleman

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