4.12 Cindy in vested in a small stock whose price was $5.60. The following table shows the prices of the stock at the end of the first year, second year, and so on. Year Price ($) 1 7.71 2 7.07 3 14.41...


4.12 Cindy in vested in a small stock whose price was $5.60. The following table shows the prices of the stock at the end of the first year, second year, and so on.






























Year


Price ($)

1


7.71

2


7.07

3


14.41

4


21.71

5


14.71

Calculate the arithmetic mean rate of return and the geometric mean rate of return of the stock.



Jun 04, 2022
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