Question: 3rd time i got it wrong not sure what im doing wrong A stock had returns of -19.00% (1 year ago), 14.00% (2 years ago),

 3rd time i got it wrong not sure what im doing

3rd time i got it wrong not sure what im doing wrong

A stock had returns of -19.00% (1 year ago), 14.00% (2 years ago), X (3 years ago), and 27.00% (4 years ago) in each of the past 4 years. Over the past 4 years, the arithmetic average annual return for the stock was 5.00%. What was the geometric average annual return for the stock over the past 4 years?(Round the value to 100th decimal) Selected Answer: 4.58 Correct Answer: 3.54 Answer range +/- 0.00708 (3.53292 -3.54708) on 2 O out of 10 points What was the geometric average return for a stock that had the following annual returns over the past 4 years: 20.00% (4 years ago), 18.00% (3 years ago), -22.00% (2 years ago), and 47.00% (last year)?(round the value to 100th decimal and Please enter the value only without converting it to a decimal format. If the answer is 8.55%, enter 8.55) Selected Answer: 21.62 Correct Answer: 12.88 Answer range +/- 0.02576 (12.85424 - 12.90576)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!