3. Nominal return of asset is following; Year 2006 2007 2008 2009 2010 2011 2012 Nominal rate of return (%) 5.00 4.85 1.85 3.00 4.10 - 0.90 4.80 Calculate rate of return: a. arithmetic b. geometric
3. Nominal return of asset is following; Year 2006 2007 2008 2009 2010 2011 2012 Nominal rate of return (%) 5.00 4.85 1.85 3.00 4.10 - 0.90 4.80 Calculate rate of return: a. arithmetic b. geometric
Chapter1: Making Economics Decisions
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![3. Nominal return of asset is following;
Year
2006
2007
2008
2009
2010
2011
2012
Nominal rate of return (%)
5.00
4.85
1.85
3.00
4.10
-0.90
4.80
Calculate rate of return:
a.
arithmetic
b. geometric](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb905f322-e342-42b7-942a-fb7e9c1e8cfb%2F40b25fd0-e390-45d0-9c13-0b619933828d%2Fne0lnq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:3. Nominal return of asset is following;
Year
2006
2007
2008
2009
2010
2011
2012
Nominal rate of return (%)
5.00
4.85
1.85
3.00
4.10
-0.90
4.80
Calculate rate of return:
a.
arithmetic
b. geometric
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