Question: The return pattern on your favorite stock has been 5%, 8%, -12%, 15%, 21% over the last five years. What is your average return and
The return pattern on your favorite stock has been 5%, 8%, -12%, 15%, 21% over the last five years. What is your average return and total change in wealth per year over the period?
Multiple Choice
a) 4.5%, 6.5%
b) 15%, 21%
c) 7.4%, 6.8%
d) 9.2%, 8.6%
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
