A stock had year end prices of $24,$27,$32,and $26 over the past four years,respectively.What is the geometric average return?
A) 2.02 percent
B) 2.18 percent
C) 2.55 percent
D) 2.70 percent
E) 2.81 percent

Name: A stock had year end prices of $24,$27,$32,and $26 over the past four years,respectively.What is the geometric average return? A) 2.02 percent B) 2.18 percent C) 2.55 percent D) 2.70 percent E) 2.81 percent
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Question

Quizplus · Accepted Answer

($26 / $24)^{1 / 3} - 1 = 2.70 percent

A Stock Had Year End Prices of $24,$27,$32,and $26 Over