Question: Please use formulas instead of Excel to solve this. QUESTION 18. A stock has the following returns over years 1, 2, and 3 respectively: 15%,

Please use formulas instead of Excel to solve this. QUESTION 18. APlease use formulas instead of Excel to solve this.

QUESTION 18. A stock has the following returns over years 1, 2, and 3 respectively: 15%, 26% and -5%. The average annual return from holding this stock = Answer % Hint: If you earn this average in each of the three years than you should have the same holding period return as in the above given situation

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