Question

You own a stock that had returns of 10.10 percent, −15.86 percent, 19.54 percent, 23.76 percent, and 6.44 percent over the past five years. What was the arithmetic average return for this stock?

Answer 1

8.796%

Step-by-step explanation:

Arithmetic average return = sum of returns / number of years

(10.10% −15.86% + 19.54% + 23.76% + 6.44 ) / 5 = 8.796%