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Exhibit 53
Use the Information Below for the Following Problem(S)

Question 45

Multiple Choice

Exhibit 5.3
Use the Information Below for the Following Problem(S)
Y ear % Price Change for CE Industries 200010.0%200112.0%200210.0%200311.0%20046.0%\begin{array} { c c } Y \text { ear } & \% \text { Price Change for CE Industries } \\\hline 2000 & 10.0 \% \\2001 & 12.0 \% \\2002 & 10.0 \% \\2003 & 11.0 \% \\2004 & 6.0 \%\end{array}
-Refer to Exhibit 5.3.Calculate the average annual rate of change for GB Industries for the 5 year period using the geometric mean.


A) 9.7800%
B) 0.0978%
C) 9.0700%
D) 0.0970%
E) 3.6400%

Correct Answer:

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