Given the following adjusted closing price data and computed annual returns, compute the three-year average return followed by the five-year average return to 12/31/22. Use arithmetic average. Adj Close Period Return $8.00 $7.00 $8.00 $6.00 $8.00 $10.00 Date 01/01/18 01/01/19 01/01/20 01/01/21 01/01/22 12/31/22 O a. 8.3%, 7.0% O b. 11.1%, 7.0% O c. 7.5%, 8.8% O d. 11.1%, 8.8% -12.50% 14.29% -25.00% 33.33% 25.00%

Essentials Of Investments
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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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Given the following adjusted closing price data and computed annual returns, compute the three-year average return followed by the five-year
average return to 12/31/22. Use arithmetic average.
Date
Adj Close
Period Return
01/01/18
$8.00
01/01/19
$7.00
01/01/20
$8.00
01/01/21
$6.00
01/01/22
$8.00
12/31/22
$10.00
a. 8.3%, 7.0%
b. 11.1%, 7.0%
c. 7.5%, 8.8%
d. 11.1%, 8.8%
-12.50%
14.29%
-25.00%
33.33%
25.00%
Transcribed Image Text:Given the following adjusted closing price data and computed annual returns, compute the three-year average return followed by the five-year average return to 12/31/22. Use arithmetic average. Date Adj Close Period Return 01/01/18 $8.00 01/01/19 $7.00 01/01/20 $8.00 01/01/21 $6.00 01/01/22 $8.00 12/31/22 $10.00 a. 8.3%, 7.0% b. 11.1%, 7.0% c. 7.5%, 8.8% d. 11.1%, 8.8% -12.50% 14.29% -25.00% 33.33% 25.00%
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