Big Town Markets Common Stock Returned 14

question 5

Multiple Choice

Big Town Markets common stock returned 14.3, 12.5, 9.9, 6.5, and 11.1 percent, respectively, over the past five years. What is the arithmetic average return?

• A)10.86%
• B)11.04%
• C)11.66%
• D)12.20%
• E)13.80%

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Definitions:

BCE

Before the Common Era, a non-religious term equivalent to BC (Before Christ) used in the Gregorian calendar to denote years before the birth of Jesus Christ.

CE

An abbreviation for Common Era, a secular term used to denote years in the Gregorian calendar, equivalent to AD (Anno Domini).

Olmec

A pre-Columbian civilization known for its influence on Mesoamerican cultures and for its colossal head sculptures, ceremonial centers, and sophisticated art and architecture.

Carved

The process of using tools to shape or engrave materials such as stone, wood, or ivory into decorative objects or artworks.