Determine the missing return, Finance Basics

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Determine the missing return

Problem

Current Attempt in Progress Nash Inc. has been using the services of San Bernadino Brokerage Company (SBBC) for the past six months. SBBC has informed Nash Inc. that the geometric mean monthly return was 7.3 percent and that over the past six months Nash Inc. earned 16.3 percent, 19.3 percent, -23.3 percent, 14.3 percent, -8.3 percent, and an unknown amount in the last month. Determine the missing return.

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Finance Basics: Determine the missing return

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Finance Basics: Determine the missing return

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