Core Concepts Inc,. has experienced stock returns of 8.4%, 6.3%, and 1
Core Concepts Inc,. has experienced stock returns of 8.4%, 6.3%, and 14.2% over the last three years. Over this time period, what has been the firm’s arithmetic average annual rate of return?
A) 9.58%
B) 9.63%
C) 9.88%
D) 9.92%
ANSWER
B
Explanation: B) (8.4 + 6.3 + 14.2)/3 = 9.63%
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