Question: Consider a stock that earned 8%, -2% and 15% annually over three consecutive years. What was this stock's arithmetic average annual return during that period?

Consider a stock that earned 8%, -2% and 15% annually over three consecutive years. What was this stock's arithmetic average annual return during that period? Answer in percent.

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!