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Question
The simple arithmetic average return for the common stock of Saltwater Expeditions Incorporated for the eight-year period from 2005 through 2012 was 21 percent. The one-year holding period returns from 2005 through 2011 are given below. What is the implied one-year holding period return for 2012?
Year 1-year holding
period return
2005 17%
2006 22
2007 25
2008 20
2009 38
2010 25
2011 24
2012 ?
a. 21.4%
b. 24.4%
c. 3.0%
d. 13.0%
e. u22123.0%
Answer
This answer is hidden. It contains 68 characters.
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