You purchased 1,500 shares of KFC stock five years ago and have earned annual returns of 7.1 percent, 11.2 percent, 5.25 percent, -4.7 percent, and 11.8 percent, respectively. What is your arithmetic average return? 8.01% 7.66% 6.13%

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter7: Stocks (equity) - Characterstics And Valuation
Section: Chapter Questions
Problem 6PROB
icon
Related questions
Question
You purchased 1,500 shares of KFC stock five years ago and have earned annual
returns of 7.1 percent, 11.2 percent, 5.25 percent, -4.7 percent, and 11.8 percent,
respectively. What is your arithmetic average return?
8.01%
7.66%
6.13%
Transcribed Image Text:You purchased 1,500 shares of KFC stock five years ago and have earned annual returns of 7.1 percent, 11.2 percent, 5.25 percent, -4.7 percent, and 11.8 percent, respectively. What is your arithmetic average return? 8.01% 7.66% 6.13%
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Recommended textbooks for you
EBK CFIN
EBK CFIN
Finance
ISBN:
9781337671743
Author:
BESLEY
Publisher:
CENGAGE LEARNING - CONSIGNMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Corporate Fin Focused Approach
Corporate Fin Focused Approach
Finance
ISBN:
9781285660516
Author:
EHRHARDT
Publisher:
Cengage
Intermediate Financial Management (MindTap Course…
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning