Core Concepts Inc,. has experienced a stock price increase from $100.0
Core Concepts Inc,. has experienced a stock price increase from $100.00 to $131.59 in only three years. Over this time period, what has been the firm’s geometric average annual rate of return?
A) 9.58%
B) 9.63%
C) 9.88%
D) 9.92%
ANSWER
A
Explanation: A) Via Calculator: N = 3, PV = -100, PMT = 0, FV = 131.59, solve for r = 9.58%.
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.