Spill Oil Companys stocks had -8%, 11% and 24% rates of return during

QUESTION

Spill Oil Companys stocks had -8%, 11% and 24% rates of return during the last three years respectively; calculate the average rate of return for the stock.
Spill oil companys stock return for the 1st year = -8% Spill oil companys stock return for the 2nd year = 11% Spill oil companys stock return for the 3rd year = 24% Therefore average stock return of Spill oil companys for the 3 years would be=

rn for the 1st year + return for the 2nd year + return for the 3rd year)/3 Or, (-8% + 11% + 24%)/3= 9% Therefore average stock return of Spill oil companys for the 3 years is 9%.

ANSWER:

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