You purchased 1,500 shares of KFC stock five years ago and have earned annual returns of 7.1 percent, 11.2 percent, 5.25 percent, -4.7 percent, and 11.8 percent, respectively. What is your arithmetic average return? 8.01% 7.66% 6.13%

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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You purchased 1,500 shares of KFC stock five years ago and have earned annual
returns of 7.1 percent, 11.2 percent, 5.25 percent, -4.7 percent, and 11.8 percent,
respectively. What is your arithmetic average return?
8.01%
7.66%
6.13%
Transcribed Image Text:You purchased 1,500 shares of KFC stock five years ago and have earned annual returns of 7.1 percent, 11.2 percent, 5.25 percent, -4.7 percent, and 11.8 percent, respectively. What is your arithmetic average return? 8.01% 7.66% 6.13%
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