Question: The geometric average daily return for Grumpy Inc. was 3 percent for this past week. Grumpys stock was traded at $18.82 when the market closed

The geometric average daily return for Grumpy Inc. was 3 percent for this past week. Grumpys stock was traded at $18.82 when the market closed on Friday. The daily returns for Monday through Thursday are 5 percent, 2 percent, -10 percent, and 8 percent, respectively. What is the opening price of Grumpy on Friday?

$16.68

$16.90

$16.94

$17.11

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