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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