A green energy stock had returns of 15%, -3%, 8%, 14%, and 6% over five consecutive years. What is the arithmetic average annual return per year? A. 8% B. 7.2% C. 8.5% D. 8.3%

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.1.2MBA
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A green energy stock had returns of 15%, -3%, 8%, 14%, and 6%
over five consecutive years. What is the arithmetic average annual
return per year?
A. 8%
B. 7.2%
C. 8.5%
D. 8.3%
Transcribed Image Text:A green energy stock had returns of 15%, -3%, 8%, 14%, and 6% over five consecutive years. What is the arithmetic average annual return per year? A. 8% B. 7.2% C. 8.5% D. 8.3%
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