An investment was worth $42 two years ago, $38, one year ago, and is worth $36 today. The arithmetic average return over the past two years is _______% per year. If your answer is negative, be sure to include a negative sign preceding your answer (ex. -.045678 or -4.5678% should be entered as: -4.57).

An investment was worth $42 two years ago, $38, one year ago, and is worth $36 today. The arithmetic average return over the past two years is _______% per year. If your answer is negative, be sure to include a negative sign preceding your answer (ex. -.045678 or -4.5678% should be entered as: -4.57).

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8TP: Fenton, Inc., has established a new strategic plan that calls for new capital investment. The...

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