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Spill Drink Company's Stocks Had -8%,11%,and 24% Rates of Return

Question 38

Multiple Choice

Spill Drink Company's stocks had -8%,11%,and 24% rates of return during the last three years respectively; calculate the (arithmetic) average rate of return for the stock.


A) 8% per year
B) 9% per year
C) 10% per year
D) 11% per year

Correct Answer:

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