The Simple Arithmetic Average Return for the Common Stock of Saltwater

question 11

Multiple Choice

The simple arithmetic average return for the common stock of Saltwater Expeditions Incorporated for the eight-year period from 2005 through 2012 was 21 percent.The one-year holding period returns from 2005 through 2011 are given below.What is the implied one-year holding period return for 2012?

• A) 21.4%
• B) 24.4%
• C) 3.0%
• D) 13.0%
• E) −3.0%

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