Short Answer
TABLE 3-5
The rate of return of a Fortune 500 company over the past 15 years are: 3.17%, 4.43%, 5.93%, 5.43%, 7.29%, 8.21%, 6.23%, 5.23%, 4.34%, 6.68%, 7.14%, -5.56%, -5.23%, -5.73%, -10.34%
-Referring to Table 3-5, compute the geometric mean rate of return for the first four years.
Correct Answer:
Verified
Correct Answer:
Verified
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