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Question
You own a stock that has produced an arithmetic average return of 7.8 percent over the past five years. The annual returns for the first four years were 16, 11, -19, and 3 percent, respectively.What was the rate of return on the stock in year five?
A. -5.00 percent
B. 2.75 percent
C. 6.25 percent
D. 28.00 percent
E. 32.00 percent
Answer
This answer is hidden. It contains 66 characters.
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Which one of the following statements regarding an original issue $25,000 GNMA bond is correct?
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Assume there are 475 million people in the United States, 175 million of which make up the labor force. If 16 million are unemployed, what is the unemployment rate?
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