Question: What was the geometric average return for a stock that had the following annual returns over the past 4 years: 16.00%(4 years ago), 14.00% (3
What was the geometric average return for a stock that had the following annual returns over the past 4 years: 16.00%(4 years ago), 14.00% (3 years ago), -24.00\% (2 years ago), and 47.00% (last year)?(Round the value to 100 th 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
