Question

Year Stock Price 2014 $         22.25 2015 $         22.50 2016 $         22.00 2017 $   &nbsp

Year

Stock Price

2014

$         22.25

2015

$         22.50

2016

$         22.00

2017

$         24.00

What is the arithmetic average of this stock? ENTER YOUR ANSWER AS A PERCENTAGE WITH ONE DECIMAL PLACE (e.g., 12.1) AND NOT AS A DECIMAL (e.g., 0.121). ROUND TO THE NEAREST TENTH OF A PERCENT.

Homework Answers

Answer #1

Ans arithmetic average of this stock = 22.7

YEAR RETURN
2014                                             22.25
2015                                             22.50
2016                                             22.00
2017                                             24.00
Total 90.75
Average Return = Total Return / NO of years
90.75 / 4
22.7
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