The rates of return on Cherry Jalopies, Incorporated, stock over the last five years were 16 percent, 11 percent, -2 percent, 5 percent, and 12 percent. Over the same period, the returns on Straw Construction Company's stock were 16 percent, 13 percent,-2 percent, 5 percent, and 15 percent. What was the arithmetic average return on each stock over this period? Note: Enter your answers as a percent rounded to 1 decimal place. Cherry average return Straw average return % %
The rates of return on Cherry Jalopies, Incorporated, stock over the last five years were 16 percent, 11 percent, -2 percent, 5 percent, and 12 percent. Over the same period, the returns on Straw Construction Company's stock were 16 percent, 13 percent,-2 percent, 5 percent, and 15 percent. What was the arithmetic average return on each stock over this period? Note: Enter your answers as a percent rounded to 1 decimal place. Cherry average return Straw average return % %
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:The rates of return on Cherry Jalopies, Incorporated, stock over the last five years were 16
percent, 11 percent, -2 percent, 5 percent, and 12 percent. Over the same period, the returns
on Straw Construction Company's stock were 16 percent, 13 percent,-2 percent, 5 percent,
and 15 percent. What was the arithmetic average return on each stock over this period?
Note: Enter your answers as a percent rounded to 1 decimal place.
Cherry average return
Straw average return
%
%
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