What is the geometric return for cherry Jalopies, lnc. On these financial accounting question? The rate of return on Cherry Jalopies, Inc., stock over the lastfive years was 19 percent, 11 percent, 7 percent, 6 percent,and 9 percent. What is the geometric return for CherryJalopies, Inc.?

Step 1: Define Geometric ReturnThe geometric return is the average of individual gains of…

Answered: The rate of return on Cherry Jalopies,…

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

Chapter13: Direct Foreign Investment

Section: Chapter Questions

Problem 1IEE

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The rates of return on Cherry Jalopies, Inc., stock over the last five years were 18 percent, 11 percent, −1 percent, 2 percent, and 11 percent. What is the geometric return for Cherry Jalopies, Inc.? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
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The rates of return on Cherry Jalopies, Inc., stock over the last five years were 21 percent, 11 percent, −10 percent, 6 percent, and 11 percent. Over the same period, Straw Construction Company’s stock returns were 16 percent, 14 percent, −3 percent, 4 percent, and 16 percent. What was the arithmetic average return on each stock over this period?
What is the geometric return for this stock on these accounting question?
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Answer? General accounting

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The rate of return on Cherry Jalopies, Inc., stock over the last five years was 19 percent, 11 percent, 7 percent, 6 percent, and 9 percent. What is the geometric return for Cherry Jalopies, Inc.?