Question

CSePub Home Book Store In 8.41%-8.58% Accepted Range Points 0.0/1.0 Solution An investor has researched financial information for Fried Chicken Corporation over the past three years. He has provided you a report with the returns for the company YEAR 2016 2017 2018 RETURN 425% 6.50% 15.00% The investor put $100 into Fried Chicken at the begianing of 2016. What is the average retarn for Fried Chicken over this time period? SOLUTION: η 0.0425 + 0.0650 + 0.1500 .2575 -- 0.0858 8.58% e here to search
Exp problems

Answer 1

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Year	Return
2016	4.84%
2017	6.17%
2018	14.68%
total	25.69%
Average return = 25.69%/number of year
		=25.69%/3
		8.56%
Therefore average return =			8.56%