A Particular Stock Had Year-End Prices of $45, $43, $54

question 84

Multiple Choice

A particular stock had year-end prices of $45, $43, $54, and $61 over the past four years, respectively. What was the geometric average return of the stock?

• A) 7.90%
• B) 8.52%
• C) 10.04%
• D) 10.67%
• E) 11.37%

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Definitions:

Polychronic Time

A cultural concept of time management that values multitasking and simultaneous handling of multiple engagements.

Activities

Tasks, operations, or actions undertaken by individuals or groups to achieve specific goals.

Chronemics

the study of how time is perceived, structured, and used in communication, reflecting cultural values and individual preferences.

Culture

relates to the shared beliefs, values, norms, and practices that govern the behavior of people within a society or organization.