A tech stock delivered returns of 18%, -7%, 12%, 9%, and 20% over five successive years. What is the arithmetic average annual return per year? A. 10.4% B. 8.75% C. 12.6% D. 10.2%

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter8: Analysis Of Risk And Return
Section: Chapter Questions
Problem 17P
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A tech stock delivered returns of 18%, -7%,
12%, 9%, and 20% over five successive years.
What is the arithmetic average annual return
per year?
A. 10.4%
B. 8.75%
C. 12.6%
D. 10.2%
Transcribed Image Text:A tech stock delivered returns of 18%, -7%, 12%, 9%, and 20% over five successive years. What is the arithmetic average annual return per year? A. 10.4% B. 8.75% C. 12.6% D. 10.2%
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