Multiple Choice
The geometric average daily return for Grumpy Inc.was 3 percent for this past week.Grumpy's stock was traded at $18.82 when the market closed on Friday.The daily returns for Monday through Thursday are 5 percent,2 percent,-10 percent,and 8 percent,respectively.What is the opening price of Grumpy on Friday?
A) $16.68
B) $16.90
C) $16.94
D) $17.11
Correct Answer:
Verified
Correct Answer:
Verified
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