USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S) Year 2000 2001 2002 2003 2004 9.7800% 0.0970% 0.0978% % Price Change for GB Industries 3.6400% 9.0700% 10.0% 12.0% Refer to Exhibit 4.1. Calculate the average annual rate of change for GB Industries for the five- year period using the geometric mean. 10.0% 11.0% 6.0%

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
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Exhibit 4.1
USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
Year
2000
2001
2002
2003
2004
9.7800%
0.0970%
0.0978%
3.6400%
% Price Change for GB Industries
C 9.0700%
10.0%
Refer to Exhibit 4.1. Calculate the average annual rate of change for GB Industries for the five-
year period using the geometric mean.
12.0%
10.0%
11.0%
6.0%
Transcribed Image Text:Exhibit 4.1 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S) Year 2000 2001 2002 2003 2004 9.7800% 0.0970% 0.0978% 3.6400% % Price Change for GB Industries C 9.0700% 10.0% Refer to Exhibit 4.1. Calculate the average annual rate of change for GB Industries for the five- year period using the geometric mean. 12.0% 10.0% 11.0% 6.0%
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