The past five monthly returns for K and Company are 4.75 percent, 4.92 percent, -0.45 percent, -0.45 percent, and 9.50 percent. What is the average monthly return? a. 4.014% b. 1.673% c. 3.654% d. 1.523%

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Question

What is the average monthly return on these financial accounting question?

The past five monthly returns for K and Company are 4.75
percent, 4.92 percent, -0.45 percent, -0.45 percent, and 9.50
percent. What is the average monthly return?
a. 4.014%
b. 1.673%
c. 3.654%
d. 1.523%
Transcribed Image Text:The past five monthly returns for K and Company are 4.75 percent, 4.92 percent, -0.45 percent, -0.45 percent, and 9.50 percent. What is the average monthly return? a. 4.014% b. 1.673% c. 3.654% d. 1.523%
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