Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. a stock had returns of -21.67% (1 year ago), 3.61%

A stock had returns of -21.67% (1 year ago), 3.61% (2 years ago), X (3...

80.2K

Verified Solution

Question

Finance

A stock had returns of -21.67% (1 year ago), 3.61% (2 years ago), X (3 years ago), and -16.37% (4 years ago) in each of the past 4 years. Over the past 4 years, the arithmetic average annual return for the stock was 2.57%. What was the geometric average annual return for the stock over the past 4 years?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

BTwo slits separated by a distance of d = 0.12 mm are located at a distance...

Basic Math
1.2K views

Determine the domain of the function. Fill in the blank below.f(x) =x-z/ x+yif z =...

Basic Math
1.2K views

armen got a prepaid debit card with $30 on it. For her first purchase with...

Basic Math
1.2K views

Diana has 2400 yards of fencing and wishes to enclose a rectangular area.(a) Express the...

Calculus
1.2K views

Problem 9 Consider the following matrices Problem 9 a Problem 9 b 4 033 13...

Algebra
1.2K views

Simplify 2 32 10 243 2x2 72 15 z2 9 O O 2 52 6...

Accounting
1.2K views

Exercise 11-3 Determining fixed cost per unit LO 1 Henke Corporation incurs the following annual...

Accounting
1.2K views

E12-3 Matching Terms LO 12-1, 12-2, 12-3, 12-4, 12-5, 12-6, 12-7, 12-8 Match the items...

Accounting
1.2K views

-- please dont copy paste the repby step Your spouse works...

Finance
1.2K views

Portfolio return and beta Personal Finance Problem Jamie Peters invested 5123,000 to set up the...

Finance
1.2K views

kindly solve this as soon as possible Answer ALL parts of the section...

Accounting
1.2K views

The Porter Company has a standard cost system. In July the company purchased and used...