The Simple Arithmetic Average Return for the Common Stock of Saltwater

question 43

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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Definitions:

Democratic

Relating to a system of government where power is vested in the people, who rule either directly or through freely elected representatives.

Slave Labor

The forced labor of people treated as property (slaves), commonly used without pay and under threat of violence.

Egalitarian Value System

A belief system that emphasizes equality, advocating for equal rights and opportunities for all individuals, regardless of their background or status.

Devaluing Free Labor

The process by which the economic and social value of work done voluntarily or without wage compensation is diminished.