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13th Edition

Anderson

Publisher: CENGAGE L

ISBN: 9781305881884

Chapter 3, Problem 75SE

**a.**

To determine

Draw a graph of the annual returns on the stock and explain whether it is possible to tell that from the graph if the Panama Railroad Company stock outperformed the New York Stock Exchange.

**b.**

To determine

Find the mean annual return on Panama Railroad Company stock from 1853 through 1880 and check whether the stock outperforms the New York Stock Exchange over the same period.