Question: Please explain the steps (1+x)21= Average return What is the implied annual average return of the stock, if the second half of the year has
Please explain the steps
(1+x)21= Average return What is the implied annual average return of the stock, if the second half of the year has the same average return as the first six month using geometric averages? Assuming the stock was trading at $40, January 14, what would be the price June 30m"
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