Question

Use the following information to compute the geometric arithmetic average return for Topwater Boats for 2007 through 2012.

Year 1-year holding
period return

2007 u221210%

2008 12%

2009 22%

2010 27%

2011 24%

2012 28%

a. 28.0%

b. 17.2%

c. 20.6%

d. 16.3%

e. None of the above.

Answer

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