If the year-end price of a stock rises from $20 in 2001 to $40 in 2002 and then stays at $40 in 2003, the geometric mean of the price growth is closest to: a. 50% b. 45.41% C. 41.42% d. 30.10%
If the year-end price of a stock rises from $20 in 2001 to $40 in 2002 and then stays at $40 in 2003, the geometric mean of the price growth is closest to: a. 50% b. 45.41% C. 41.42% d. 30.10%
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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If the year-end price of a stock rises from $20 in 2001 to $40 in 2002 and then stays at $40 in 2003, the geometric mean of the price growth is closest to:
a. 50%
b. 45.41%
C. 41.42%
d. 30.10%
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