Multiple Choice
You own a stock that has produced an arithmetic average return of 7.8 percent over the past five years.The annual returns for the first four years were 16,11,-19,and 3 percent,respectively. What was the rate of return on the stock in year five?
A) -5.00 percent
B) 2.75 percent
C) 6.25 percent
D) 28.00 percent
E) 32.00 percent
Correct Answer:
Verified
Correct Answer:
Verified
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