A stock has had returns of 39.00 percent, 23.00 percent, 34.00 percent, -11.00 percent, 21.00 percent, and -53.00 percent over the last six years. What are the arithmetic and geometric returns for the stock? (Do not round intermediate calculations. Round the final answers to 2 decimal places.) Arithmetic average return Geometric average return

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
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A stock has had returns of 39.00 percent, 23.00 percent, 34.00 percent, -11.00 percent, 21.00 percent, and -53.00 percent
over the last six years. What are the arithmetic and geometric returns for the stock? (Do not round intermediate
calculations. Round the final answers to 2 decimal places.)
Arithmetic average return
Geometric average return
Transcribed Image Text:A stock has had returns of 39.00 percent, 23.00 percent, 34.00 percent, -11.00 percent, 21.00 percent, and -53.00 percent over the last six years. What are the arithmetic and geometric returns for the stock? (Do not round intermediate calculations. Round the final answers to 2 decimal places.) Arithmetic average return Geometric average return
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