9. Annual returns on Argo stock over the last four years was (from the oldest) 14%, 9%, -2%, 14%, so what is the average growth rate (the geometric average)?   a. No solution is possible.     b. 9.0023%     c. 9.2498%     d. 8.5464%

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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19.

Annual returns on Argo stock over the last four years was (from the oldest) 14%, 9%, -2%, 14%, so what is the average growth rate (the geometric average)?

  a. No solution is possible.  
  b. 9.0023%  
  c. 9.2498%  
  d. 8.5464%

19.

Annual returns on Argo stock over the last four years was (from the oldest) 14%, 9%, -2%, 14%, so what is the average growth rate (the geometric average)?

  a. No solution is possible.  
  b. 9.0023%  
  c. 9.2498%  
  d. 8.5464%
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