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 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.?