The price of a certain share went up by 2% in the first year and by 5%
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Question:
The price of a certain share went up by 2% in the first year and by 5% in the second year. In the third year it remained unchanged and in the fourth year it dropped by 1%. Calculate the average annual return (as a percentage).
Related Book For
An Introduction to Management Science Quantitative Approach to Decision Making
ISBN: 978-1337406529
15th edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
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