Question: Using the information from Problem 5, what is the geometric return for Cherry Jalopies, Inc.? Data From Problem 5 The rates of return on Cherry
Using the information from Problem 5, what is the geometric return for Cherry Jalopies, Inc.?
Data From Problem 5
The rates of return on Cherry Jalopies, Inc., stock over the last five years were 17 percent, 11 percent, −2 percent, 3 percent, and 14 percent. Over the same period, the returns on Straw Construction Company’s stock were 16 percent, 18 percent, −6 percent, 1 percent, and 22 percent. What was the arithmetic average return on each stock over this period?
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