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Mathematics, 20.09.2020 15:01 lashondrascott
A conglomerate corporation develops, manufactures, and markets a wide range of products, including medical diagnostic imaging devices, jet engines, lighting products, and chemicals. In 2013, the stock price rose %, and in 2014, the stock price declined %. If one purchased $1,000 of some social media stock at the start of 2013, its value would be $ at the end of 2014.
Required:
Compute the geometric mean rate of return per year of the two-year period 2013-2014.
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A conglomerate corporation develops, manufactures, and markets a wide range of products, including m...
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