General Electric (GE) is one of the world's largest companies; it develops, manufactures, and markets a wide range of products, including medical diagnostic imaging devices, jet engines, Lighting products, and chemicals. In 2017, the stock price rose 0.09%, and in 2018, the stock price declined 56.9%.
a. Compute the geometric mean rate of return per year for the twoyear period 2017-2018.
b. If you purchased $1,000 of GE stock at the start of 2017, what was its value at the end of 2018?
c. Compare the result of (b) to that of Problem 3.20 (b).

Problem 3.20 (b)

b. If you purchased $1,000 of Facebook stock at the start of 2017, what was its value at the end of2018?