contestada

Home Grown Tomatoes stock returned 11.6 percent, 3.2 percent, 8.1 percent, 14.2, and 9.8 percent over the past five years, respectively. What is the arithmetic average return for this period?
A. 9.38 percent
B. 10.62 percent
C. 8.10 percent
D. 11.93 percent
E. 10.10 percent

Respuesta :

tutorAnne

Answer:A. 9.38 percent

Explanation:

Arithmetic average return  is the sum of the  returns of stock divided the number of years corresponding to the return of the stocks.

Year          Value of stock

Year 1 = 11.6 percent

Year 2= 3.2 percent

Year 3= 8.1 percent

Year 4= 14.2 percent

Year 5 =9.8 percent

Total =46.9%/5

=9.38%

Otras preguntas

Q&A Education