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The Geometric Average Quarterly Return of ROM Company Was 5

question 31

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The geometric average quarterly return of ROM Company was 5 percent for the previous year.What was the return for the third quarter if the returns for the first,second,and fourth quarters were 10 percent,-9.05 percent,and 8 percent,respectively?

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Definitions:

Stock Dividend

A stock dividend is a dividend payment made to shareholders in the form of additional shares of stock instead of cash.

Stock Dividend

Instead of cash, a company distributes additional shares to its shareholders as a form of payment.

Total Stockholders' Equity

The total net value owned by the shareholders of a company, calculated as the difference between total assets and total liabilities.

Common Stock Dividends Distributable

A liability recorded on a company's balance sheet for dividends declared on common stock but not yet paid to shareholders.

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