The past six-monthly returns for a company's stock are 3.5%, 4.1%, 2.8%, 3.9%, 1.6%, and 4.7%. What is the average monthly return over those six months? a) 3.10 percent b) 2.80 percent c) 3.43 percent d) 1.95 percent

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter8: Analysis Of Risk And Return
Section: Chapter Questions
Problem 17P
icon
Related questions
Question

What is the average monthly return over those six months? General accounting

The past six-monthly returns for a
company's stock are 3.5%, 4.1%, 2.8%,
3.9%, 1.6%, and 4.7%.
What is the average monthly return over
those six months?
a) 3.10 percent
b) 2.80 percent
c) 3.43 percent
d) 1.95 percent
Transcribed Image Text:The past six-monthly returns for a company's stock are 3.5%, 4.1%, 2.8%, 3.9%, 1.6%, and 4.7%. What is the average monthly return over those six months? a) 3.10 percent b) 2.80 percent c) 3.43 percent d) 1.95 percent
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT