A Share Had Returns of 6%, 13%, -11%, and 17

question 39

Multiple Choice

A share had returns of 6%, 13%, -11%, and 17% over the past four years.What is the geometric average return for this time period?

• A)4.5%
• B)5.7%
• C)6.2%
• D)7.3%
• E)8.2%

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Definitions:

Fair Value

The estimated market value of an asset or liability, reflecting what a willing buyer would pay a willing seller in an arm's length transaction.

Salary Allowance

An agreed amount of money paid regularly to an employee on top of their salary for specific purposes, such as travel or housing.

Expired Insurance

The portion of an insurance premium that represents coverage for a past period.

Supplies Used

The value of materials and goods consumed during a company's operations within a specific period.