3. A stock had returns of 17 percent, 19 percent, 20 percent, 8 percent, 17 percent, and 11 percent over the last six years. What is the average return for the stock?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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3. A stock had returns of 17 percent, 19 percent, 20 percent, 8 percent, 17 percent, and 11
percent over the last six years. What is the average return for the stock?
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Transcribed Image Text:t 3. A stock had returns of 17 percent, 19 percent, 20 percent, 8 percent, 17 percent, and 11 percent over the last six years. What is the average return for the stock? Tab Caps H Esc Fn Q Search ! 1 Q A z Z 8 4x @ 2 W S X Alt 4 # 3 E F3 D C 40 $ 4 F4 R F Dll % 5 V FS T B G * A 6 B Y H * & 7 N PrtScn 8 J D JUL 1 Home M K ( 9 End $10 O ) L 0 PgUp < 31 P Alt - PgOn12 { [ B + = ** G } 1 9:41 AM 11/27/2023 Ins Del Backspace JE
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