You own a stock that had total returns of -1.3, 14.23, 5.52, 12.72, -7.71, 17.54, 5.06 (all in percent) over the last seven years. What is the arithmetic average return for this stock? Answer as a percentage to two decimals (if you get -0.0435, you should answer -4.35).

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter2: The Domestic And International Financial Marketplace
Section: Chapter Questions
Problem 1P
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You own a stock that had total returns of -1.3, 14.23, 5.52, 12.72, -7.71, 17.54, 5.06 (all in percent)
over the last seven years. What is the arithmetic average return for this stock? Answer as a percentage
to two decimals (if you get -0.0435, you should answer -4.35).
Transcribed Image Text:You own a stock that had total returns of -1.3, 14.23, 5.52, 12.72, -7.71, 17.54, 5.06 (all in percent) over the last seven years. What is the arithmetic average return for this stock? Answer as a percentage to two decimals (if you get -0.0435, you should answer -4.35).
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