Question: Need answer for cherry average return and straw average return The rates of return on Cherry Jalopies, Inc., stock over the last five years were
Need answer for "cherry average return" and "straw average return"
The rates of return on Cherry Jalopies, Inc., stock over the last five years were 20 percent, 11 percent, -2 percent, 4 percent, and 10 percent. Over the same period, the returns on Straw Construction Company's stock were 16 percent, 21 percent, -3 percent, 4 percent. and 19 percent. What was the arithmetic average return on each stock over this period? (Enter your answers as a percent rounded to 1 decimal place.)
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