2.99 See Answer

Question: Suppose that the rate of return for


Suppose that the rate of return for a particular stock during the past two years was 10% for the first year and 30% for the second year. Compute the geometric rate of return per year. (Note: A rate of return of 10% is recorded as 0.10, and a rate of return of 30% is recorded as 0.30.)

2.99

See Answer