13th Edition
Publisher: CENGAGE L
ISBN: 9781305881884


13th Edition
Publisher: CENGAGE L
ISBN: 9781305881884


Chapter 3.1, Problem 4E
Textbook Problem

Consider the following data.

Period Rate of Return (%)
1 −6.0
2 −8.0
3 −4.0
4 2.0
5 5.4

What is the mean growth rate over these five periods?

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Chapter 3 Solutions

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