Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:Vaughn Inc. has been using the services of San Bernadino Brokerage Company (SBBC) for the past six months. SBBC has informed
Vaughn Inc. that the geometric mean monthly return was 6.6 percent and that over the past six months Vaughn Inc. earned 15.6
percent, 18.6 percent, -22.6 percent, 13.6 percent, -7.6 percent, and an unknown amount in the last month.
Determine the missing return. (Round intermediate calculations to 6 decimal places, e.g. 1.251125 and the final answer to 4 decimal
places, e.g. 14.5125 %)
Missing return
%
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