What was the compound average annual return of a stock that earned -16.8%, -4.8%, 1%, and 13.1% per year? Answer in percent and round to one decimal place.

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.3.2MBA
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What was the compound average annual return of a stock that earned -16.8%, -4.8%, 1%, and 13.1% per year? Answer in percent and round to one decimal place.

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