The rate of return on ABC, Inc., stock over the last five years was 6.32 percent, 9.7 percent, -0.94 percent, 8.22 percent, and 15.68 percent. What was the geometric average return (in percent) on ABC stock over this period? Answer to two decimals. 7.66 

Answer rating: 100% (QA)

To calculate the geometric average return you can use the formula Geometric ... View the full answer