Calculating average returns

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Calculating Average Returns (LO1, CFA1) The rate of return on Cherry Jalopies, Inc., stock over the last five years was 17 percent, 11 percent, -2 percent, 3 percent, and 14 percent. Over the same period, the return on Straw Construction Company’s stock was 16 percent, 18 percent, -6 percent, 1 percent, and 22 percent. What was the arithmetic average return on each stock over this period?

Reference no: EM13974604

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