The rates of return on Cherry Jalopies, Inc., stock over the last five years were 23 percent, 11 percent, –5 percent, 7 percent, and 10 percent. What is the geometric return for Cherry Jalopies, Inc.? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Geometric return %

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
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Chapter8: Analysis Of Risk And Return
Section: Chapter Questions
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The rates of return on Cherry Jalopies, Inc., stock over the last five years were 23 percent, 11 percent, -5
percent, 7 percent, and 10 percent.
What is the geometric return for Cherry Jalopies, Inc.? (Do not round intermediate calculations. Enter your
answer as a percent rounded to 2 decimal places.)
Geometric return
%
Transcribed Image Text:The rates of return on Cherry Jalopies, Inc., stock over the last five years were 23 percent, 11 percent, -5 percent, 7 percent, and 10 percent. What is the geometric return for Cherry Jalopies, Inc.? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Geometric return %
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