An investment was worth $42 two years ago, $38, one year ago, and is worth $36 today. The arithmetic average return over the past two years is _______% per year. If your answer is negative, be sure to include a negative sign preceding your answer (ex. -.045678 or -4.5678% should be entered as: -4.57).
An investment was worth $42 two years ago, $38, one year ago, and is worth $36 today. The arithmetic average return over the past two years is _______% per year. If your answer is negative, be sure to include a negative sign preceding your answer (ex. -.045678 or -4.5678% should be entered as: -4.57).
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
Section: Chapter Questions
Problem 1PS
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An investment was worth $42 two years ago, $38, one year ago, and is worth $36 today. The arithmetic average return over the past two years is _______% per year. If your answer is negative, be sure to include a negative sign preceding your answer (ex. -.045678 or -4.5678% should be entered as: -4.57).
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