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The rates of return on Cherry Jalopies, Inc., stock over the last five years were 16...

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Finance

The rates of return on Cherry Jalopies, Inc., stock over thelast five years were 16 percent, 11 percent, −1 percent, 6 percent,and 11 percent. What is the geometric return for Cherry Jalopies,Inc.? (Do not round intermediate calculations. Enter your answer asa percent rounded to 2 decimal places.)

Answer & Explanation Solved by verified expert
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Solution The formula for calculation of geometric return is Geometric mean 1 Return 1 1 Return 2 1 Return 3 1 Return n 1n 1 Where Return 1    See Answer
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