A stock had returns of 11 percent, 17 percent, 16 percent, 14 percent, 19 percent, and -1 percent over the last six years.
Required:
(a) What is the arithmetic return for the stock?
12.67%
12.87%
12.77%
15.20%
13.30%?
(b) What is the geometric return for the stock?
12.46%
15.14%
12.56%
12.26%
12.91%?