You own a stock that had returns of 9.44 percent. -6.78 percent, 22.52 percent, and 15 18 percent over the past four years. What was the geometric average return for this stock? Multiple Choice 8.90% 10.49% 10.93% 10.09%

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter2: The Domestic And International Financial Marketplace
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You own a stock that had returns of 9.44 percent. -6.78 percent, 22.52 percent, and 15.18 percent over the past four years. What was the
geometric average return for this stock?
Multiple Choice
8.90%
10.49%
10.93%
10.09%
Transcribed Image Text:You own a stock that had returns of 9.44 percent. -6.78 percent, 22.52 percent, and 15.18 percent over the past four years. What was the geometric average return for this stock? Multiple Choice 8.90% 10.49% 10.93% 10.09%
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