A companys stock price rose 205 in 2004 but dropped 15 in, Ask an Expert

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A company's stock price rose 20.5% in 2004, but dropped 1.5% in 2005:

a. Compute the geometric mean rate of increase for the two year period 2004-2005. (denote a decrease of 1.5% by -.015)

b. If someoen purchased $1,000 of th ecompany's stock at the start of 2004, what was its value at the end of 2005?

c. In 2006, the companys stock increase by 6.7%. compute that geometric mean rate of increase for the three-year period 2004-2006?

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M91004016

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