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Question
The one-year holding period returns for Cherokee Adventures for 2010 and 2011 are given below. If Cherokee's geometric average return for 2010 through 2012 was 15 percent, what was its implied one-year holding period return for 2012?
Year 1-year holding
period return
2010 −5.0%
2011 28.5
2012 ?
a. 12.8%
b. 11.8%
c. 24.6%
d. 16.0%
e. Not enough information is given to answer this question.
Answer
This answer is hidden. It contains 1 characters.
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