Question: What was the arithmetic average return for a stock that had the following annual returns over the past 4 years: 14.00% (4 years ago), 12.00%
What was the arithmetic average return for a stock that had the following annual returns over the past 4 years: 14.00% (4 years ago), 12.00% (3 years ago), -25.00% (2 years ago), and -39.00% (last year)?(Round the value to 100th decimal and Please enter the value only without converting it to a decimal format. If the answer is 8.55%, enter 8.55)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
