Pessimus stock's rate of return over the past 5 years was: 5%, -2%, 10%, 12%, -8%. What was its average rate of return?

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
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ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter11: Investment Planning
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Pessimus stock's rate of return over
the past 5 years was: 5%, -2%, 10%,
12%, -8%. What was its average rate
of return?
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Transcribed Image Text:Pessimus stock's rate of return over the past 5 years was: 5%, -2%, 10%, 12%, -8%. What was its average rate of return? Maximum number of characters (including HTML tags added by text editor): 32,000 Show Rich-Text Editor (and character count)
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