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Problem:

Over the last four years, a stock had had an arithmetic average return of 8.8 percent. Three of those four years produced returns of 16.3 percent, 10.2 percent, and -14.1 percent.

Required:

Question: What is the geometric average return from this 4-year period?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91170159

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