Question

A stock had returns of 16.27 percent, 24.18 percent, −12.29 percent, and 9.62 percent over four...

A stock had returns of 16.27 percent, 24.18 percent, −12.29 percent, and 9.62 percent over four of the past five years. The arithmetic average return over the five years was 13.28 percent. What was the stock return for the missing year?

  • 25.76%

  • 15.34%

  • 28.62%

  • 4.04%

  • 22.90%

0 0
Add a comment Improve this question Transcribed image text
Answer #1

answer:- 28.62

arithmetic average return = sum of returns /no of years

here missing return is x

13.28=(16.27+24.18-12.29+9.62+x)/5

37.78+x =66.4

x=28.62

Add a comment
Know the answer?
Add Answer to:
A stock had returns of 16.27 percent, 24.18 percent, −12.29 percent, and 9.62 percent over four...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT